New Leasing Forms Released: Dividend Exemption Included

Quick Summary

The government has released several new forms relevant to aircraft and ship leasing businesses. Notably, new forms have been introduced that include provisions for dividend exemption under section 10(34B). These updates are detailed in various official notifications, providing clarity for businesses operating in these sectors.

New Form-1 (Aircraft Leasing business), Form -1 {Dividend exempt u/s 10(34B)}, Form-1 (Ship Leasing Business), Form-10IEA, Form-10IFA & Form-3AF are released.

New Leasing Forms Released: Dividend Exemption Included

Please refer

Notification 65/2022 for Form 1 (Aircraft Leasing Business): Notification-65-2022 1
Notification 52/2023 for Form 1 {Dividend exempt u/s 10(34B)}: notification-52-2023 1
Notification 57/2023 for Form 1 (Ship Leasing Business): notification-57-2023 1
Notification 43/2023 for Form 10-IEA: Notification No.43-2023 (2) 1
Notification 83/2023 for Form 10-IFA & Notification 54/2023 for Form 3AF: Notification No. 83-2023

FAQ :

New forms released include Form-1 for Aircraft Leasing business, Form-1 with dividend exemption under s.10(34B), Form-1 for Ship Leasing Business, Form-10IEA, Form-10IFA, and Form-3AF.

Yes, a dividend exemption under section 10(34B) is now included in one of the newly released Form-1 variations.

Form-1 for Aircraft Leasing Business is covered by Notification 65/2022.

Information for Form-1 (Ship Leasing Business) can be found in Notification 57/2023.

Form 10-IEA is related to Notification 43/2023, and Form 10-IFA is covered by Notification 83/2023.

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