Rule 97: income-tax authorities, if,—
Is rule Income-tax Act, 2025 ke provisions ko implement karne ke liye banaya gaya hai. Isme income-tax authorities, if,— ki vidhi aur sharten samjhai gayi hain.
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Bare law
Rule 97 - income-tax authorities, if,—
97. (1) The transfer price declared by an eligible assessee in respect of an eligible specified domestic transaction for a tax year shall be accepted by the income-tax authorities, if,— (a) the option exercised by the said assessee is treated to be validly exercised under rule 98; and (b) it is in accordance with the circumstances as specified in sub-rule (2). (2) The circumstances referred to in sub-rule (1) in respect of the eligible specified domestic transaction specified in column B of the
Rule breakdown
97. (1) The transfer price declared by an eligible assessee in respect of an eligible specified domestic transaction for a tax year shall be accepted by the income-tax authorities, if,— (a) the option exercised by the said assessee is treated to be validly exercised under rule 98; and (b) it is in a
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Professional Advice
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- Accurate filing ke liye expert guidance zaroori hai
Compliance Essentials
Rule ke provisions properly follow karne se future litigation avoid ho sakti hai.
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FAQs
Is rule Income-tax Act, 2025 ke under kaise aata hai?
Is rule Income-tax Rules, 2026 ke under framed hai jo Income-tax Act, 2025 ke provisions implement karti hai.
Is rule kab se applicable hoga?
Is rule 1st April, 2026 se applicable hoga. Jab tak koi amendment nahi aati, yeh current form mein valid rahegi.
Kya CA se help leni chahiye?
Complex provisions ko samajhne aur accurate compliance ke liye apne CA/CS se consult karein. Professional help mistakes kam karti hai.