Once Form 50 is submitted and acknowledged, it cannot be modified. Taxpayers must ensure accuracy before filing. The ruling emphasizes procedural discipline in the APA consultation process.
Explains how Form 49 replaces multiple forms to streamline Safe Harbour compliance and reduce duplication in transfer pricing filings.
The new Form 48 replaces Form 3CEB and mandates reporting of international and domestic transactions. It enhances structured transfer pricing compliance.
Form 47 is an accountant’s certificate required under section 166(9) for transactions meeting Rule 82 conditions and must be filed with Form 46 online.
Form 46 allows taxpayers to exercise the option for determination of arm’s length price for international or specified domestic transactions for two tax years.
Form 45 allows resident taxpayers to report settlement of foreign tax disputes and claim foreign tax credit not earlier claimed in Form 44 under the Income-tax framework.
Form 44 is an e-form for reporting foreign income and claiming foreign tax credit under the Income-tax Rules, 2026, with specified filing timelines and documents.
DCIT Vs Revanth Challagalla (ITAT Hyderabad) Section 54F Allowed Even When Property Purchased in Sister’s Name – Subsequent Gift Validates Claim In this case, the ITAT Hyderabad upheld the allowance of deduction under Section 54F despite the property being initially registered in the name of the assessee’s sister. The assessee, an NRI, had sold villas […]
CBIC introduced a payment aggregator to streamline customs duty payments. The circular allows multiple digital payment options and faster processing through the ECL system.
The Bill decriminalises minor compliance failures while strengthening governance norms and fraud enforcement. The key takeaway is a shift toward business-friendly regulation with stricter accountability for serious violations.
