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Rule 10THA of Income Tax Rules 1962: Eligible Assessee

Rule 10THA - Eligible assessee
(Safe Harbour Rules for Specified Domestic Transactions)

The 'eligible assessee' means a person who has exercised a valid option for application of safe harbour rules in accordance with the provisions of rule 10THC, and—

(i) is a Government company engaged in the business of generation, supply, transmission or distribution of electricity; or
(ii) is a co-operative society engaged in the business of procuring and marketing milk and milk products.

Extra Notes for Readers

- Rule 10THA was introduced by the Income Tax (2nd Amendment) Rules, 2015, w.e.f. 4th Feb. 2015

Check at Income Tax Dept. official site for latest version of the Rule.

This page was last updated on 17th October 2016.