A safe speed is one at which the vessel can be stopped in time to avoid any danger which arises suddenly.
A safe speed cannot be expressed as a maximum or minimum number of knots because it varies with circumstances and conditions. The safe harbour provisions aim to ensure that services provided to the public by you are of an appropriate ethical and professional standard. Under the current liability regime, a company director risks liability under s 588G(2) of The Safe Harbour Rules provide that the transfer price declared by an eligible taxpayer in respect of a specified transaction shall be accepted by the Revenue Authorities, subject to fulfilment of the specified conditions. For anything else – for example unlisted shares and units – there is no safe harbour. Safe harbour rules are part of the taxation laws in India under which multinational companies declaring certain minimum operational profits will not be subject to rigorous transfer pricing audits. But if you follow the safe harbour rules anyway, you have a strong argument that the terms are still at arm’s length. SAFE HARBOUR RATES . Safe harbour. The current safe harbour rules lower the minimum operation profits declared by software development and ITeS companies, to avoid an audit, to 17-18% depending on the previous year's turnover. The master (skipper) must continually assess the safety of the vessel’s speed. upto AY 2017-18. Under the safe harbour provisions, a client will not be liable to certain administrative penalties if they provide all the relevant tax information to you, and you: ELIGIBLE INTERNATIONAL … The revised Safe Harbour Rules (SHRs) apply for AY 2017-18 and two immediately following AYs i.e. There are 7 safe harbour rules. upto AY 2019-20. For AY 2017-18, the taxpayer can choose from old or new rules whichever are more beneficial.
They distinguish between real property and listed securities. 7 Rules . Safe speed.
All vessels must travel at a safe speed at all times. The earlier SHRs were applicable from AY 2013-14 and four immediately following AYs i.e. Safe harbour rates - old rules [as per sub Rule (2) of rule 10TD of Income-tax Rules, 1962] applicable from AY 2013-14 to AY 2017-18 Safe Harbour rates - revised rules [as per sub Rule (2A) of rule 10TD] applicable from AY 2017-18 to AY 2019-20 Provision of Software development services (IT services) and Information Technology Enabled services (ITeS), with insignificant risks. The rules were issued in June 2017 amending the earlier notification from 2013. The safe harbour rules only apply to property and listed securities. For KPOcompanies, safe harbour rates are set at 1…