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Rule 10THB of Income Tax Rules 1962: Eligible Specified Domestic Transaction

Rule 10THB - Eligible specified domestic transaction
(Safe Harbour Rules for Specified Domestic Transactions)

The "Eligible specified domestic transaction" means a specified domestic transaction undertaken by an eligible assessee and which comprises of :—

(i) supply of electricity or
(ii) transmission of electricity; or

(iii) wheeling of electricity;  or
(iv) purchase of milk or milk products by a co-operative society from its members.

Extra Notes for Readers:

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

Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.

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