www.Aaptaxlaw.com
 
 
 

What is Treatment of connected person and accommodating party? Application of this Chapter What is Framing of guidelines? Section 99, 100 and 101 of Income Tax Act 1961

Treatment of connected person and accommodating party, Application of this Chapter and Framing of guidelines are defined under sections 99, 100 and 101 of Income Tax Act 1961. Provisions under these Sections are :

Section 99 of Income Tax Act "Treatment of connected person and accommodating party"

Section 99. For the purposes of this Chapter, in determining whether a tax benefit exists,-
(i) the parties who are connected persons in relation to each other may be treated as one and the same person;
(ii) any accommodating party may be disregarded;
 

 

(iii) the accommodating party and any other party may be treated as one and the same person;
(iv) the arrangement may be considered or looked through by disregarding any corporate structure.

Section 100 of Income Tax Act "Application of this Chapter"

Section 100. The provisions of this Chapter shall apply in addition to, or in lieu of, any other basis for determination of tax liability.

Section 101 of Income Tax Act "Framing of guidelines"

Section 101. The provisions of this Chapter shall be applied in accordance with such guidelines and subject to such conditions, as may be prescribed.

Income Tax Act 1961

What is Avoidance of tax by certain transactions in securities? Section 94 of Income Tax Act 1961

What is Special measures in respect of transactions with persons located in notified jurisdictional area? Section 94A of Income Tax Act 1961

What is Applicability of General Anti-Avoidance Rule? What is Impermissible avoidance arrangement? Section 95 and 96 of Income Tax Act 1961

What is Arrangement to lack commercial substance? What is Consequences of impermissible avoidance arrangement? Section 97 and 98 of Income Tax Act 1961

What is Treatment of connected person and accommodating party? Application of this Chapter What is Framing of guidelines? Section 99, 100 and 101 of Income Tax Act 1961

What are the Definitions? Section 102 of Income Tax Act 1961

What is Determination of tax where total income includes income on which no tax is payable? What is Tax on accumulated balance of recognised provident fund? Section 110 and 111 of Income Tax Act 1961

What is Tax on short-term capital gains in certain cases? Section 111A of Income Tax Act 1961

What is Tax on long-term capital gains? Section 112 of Income Tax Act 1961

Home     About Us     Privacy Policy     Disclaimer    Contact Us  Sitemap