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Direct taxes
Case Law Update
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Mode of investment by Charitable or Religious
Trust/Institution – Rule 17C
Investment in equity shares of an incubatee by an incubator will be permitted
mode of investment for the purpose of section 11(5) of the Act. Incubator and
incubatee shall be notified by the Ministry of Science and Technology.
[Notification No. 61 of 2007 dated 28th February, 2007 (208 CTR (St.) 261)]
Certificate for deduction/collection of tax at source
Form Nos. 16 and 16A relating to certificate for deduction of tax at source and
Form No. 27D relating to certificate for collection of tax at source has been
modified.
[Notification No. 83 of 2007 dated 26th March, 2007]
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