18 June 2012
IN FINANCE ACT 2012 NEW Exemption to Prasar Bharati (Broadcasting Corporation of India) AND General Anti-Avoidance Rule (GAAR) CAN ANY ONE TOLD ME ABOUT THIS NEW RULE.WHICH TYPE OF THIS EXPECTION. CAN UNDER THESE SERVICE ASSESSE WILL NOT FILL THEIR RETURN PLEASE CLEAR
18 June 2012
A new clause (23BBH)U/s 10 is incorporated which exempts any income of the Prasar Bharati (Broadcasting Corporation of India) established under sub-section (1) of section 3 of the Prasar Bharati (Broadcasting Corporation of India) Act, 1990 (25 of 1990). Accoringly, All type of income earned by Prasar Bharti is exempt from income tax.
General Anti-Avoidance Rule has been postponed for 1 year, so you need worry about its applicability for the time being.
19 June 2012
i asked you that , you told me that accordingly all type income earned by prasar bharti is exempt from income tax. than i want to ask you will in case of genral anti avoidance rule will same exepection applicable for as applicable for prasar bharti
Guest
Guest
(Querist)
20 June 2012
sir now you understand my question about exepection of genral ant avoidance rule
Guest
Guest
(Querist)
22 June 2012
you told me that accordingly all type income earned by prasar bharti is exempt from income tax. than i want to ask you. will in case of genral anti avoidance rule will same exepection applicable for as applicable for prasar bharti
22 June 2012
All type of income of Prasar Bharti is exempt from tax, It has nothing to do with GAAR provisions. They are totally different and applicable for those who wants to avoid the taxes by improper means.