TMI BlogImmediate and deferred rebates.X X X X Extracts X X X X X X X X Extracts X X X X ..... llowed as deductions from their gross earnings before applying the percentage of 7-1/2% specified in sec.44B of the Act. 2. The question of allowing both immediate and deferred rebates has been examined by the Board in consultation with the Ministry of Law. Immediate rebate is allowed on the basic freight at the time of collecting the freight from the shippers. It is only the balance amount after ..... X X X X Extracts X X X X X X X X Extracts X X X X
|