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Mar 22, 2022 · From 1 April, the requirement to pay provisional tax instalments in full and on time will be removed for customers using the safe harbour option. Use of money interest (UOMI) will only be charged if an amount remains unpaid after the end of year tax due date.
Mar 10, 2023 · What is 'safe harbour'? ... *Last year, the government had mandated, through the IT Rules of 2021, that social media platforms must appoint a Chief Compliance Officer (CCO), Resident Grievance ...
Non-applicability of Safe Harbor Rules Safe Harbor Rules rule does not apply to eligible international transactions entered into with an associated enterprise situated in any country or domain notified under Section 94A or in a non-taxable or least-taxable country or territory. Procedure to opt for Safe Harbour Rules for AY2022-23. The ...
Jan 9, 2024 · “Safe Harbour” means circumstances under which Income-tax authorities shall accept the transfer price declared by the assessee himself. Thus, ‘safe harbour rules’ specifies the various circumstances under which transfer price declared by the Assessee with respect to International transactions shall be accepted by Income tax authorities.
Sep 26, 2023 · These changes are designed to streamline the valuation process, offer options for residents and non-residents, and provide a safe harbor for taxpayers. As businesses navigate these changes, it is crucial to assess their specific circumstances and choose the valuation method that best aligns with their needs while ensuring compliance with tax regulations.
Feb 28, 2022 · CBDT extends applicability of Safe Harbour rules to Assessment Year 2021-22 . February 28, 2022. On 24 September 2021, Central Board of Direct Taxes (‘CBDT’) has ...
Feb 1, 2024 · Budget 2024: GJEPC suggests safe harbour for sale of rough diamonds in Special Notified Zones. Union Budget: The Gem & Jewellery Export Promotion Council (GJEPC) has suggested the introduction of a Safe Harbour Rule for the sale of rough diamonds in Special Notified Zones (SNZs), as well as the implementation of a Diamond Imprest License and a reduction in import duty on cut & polished diamonds.
