Get the free Anti-avoidance provisions of Section 93 of the Income-tax Act do not
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21 November 2017Antiavoidance provisions of Section 93 of the Income tax Act do not
apply where assets are transferred from a nonresident to a resident
Background
Recently, the Mumbai Bench of the
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How to fill out anti-avoidance provisions of section
How to fill out anti-avoidance provisions of section
01
Here is a guide on how to fill out the anti-avoidance provisions of section:
02
Familiarize yourself with the specific anti-avoidance provisions mentioned in the section.
03
Understand the purpose and intent behind these provisions.
04
Gather all relevant information and documentation related to the transactions or activities being scrutinized.
05
Analyze the transactions or activities to identify any potential tax avoidance arrangements.
06
Determine if the transactions or activities fall within the scope of the anti-avoidance provisions.
07
Consult with tax experts or professionals if you need assistance in interpreting the provisions or determining their applicability.
08
Fill out the necessary forms or disclose the required information according to the guidelines provided in the section.
09
Ensure accuracy and completeness of the information provided.
10
Submit the filled-out forms or information to the relevant tax authorities within the specified deadline.
11
Maintain proper documentation and records to support your compliance with the anti-avoidance provisions.
Who needs anti-avoidance provisions of section?
01
Any individual or organization engaged in financial transactions or activities that may be subject to tax avoidance practices needs to consider the anti-avoidance provisions of section. This includes individuals, businesses, trusts, or any other legal entities. It is important to comply with these provisions to ensure that tax avoidance is detected and deterred effectively.
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