It appears become a drawback into the law which offers a great way to exit without having to pay taxation on money which had been built up after availing exemptions during a period of years.

It appears become a drawback into the law which offers a great way to exit without having to pay taxation on money which had been built up after availing exemptions during a period of years.

Another view on the matter cannot be ruled-out. If a count on does not apply for re-registration u/s 12AB, then confidence are going to be deregistered in addition to provisions of point 115TD will incorporate. Though this appears to be much more logical and rational, the specifications on the rules, whilst appears these days, does not always mean very. Thus, a legislative amendment was crucial to clear the ambiguity. Continue reading “It appears become a drawback into the law which offers a great way to exit without having to pay taxation on money which had been built up after availing exemptions during a period of years.”