TMI BlogCentral Government is satisfied that it is necessary and expedient of income-tax in favour of any person, being a foreign company, or a person Central Government has entered into an agreement for the association or participation of that Government u/s 293AX X X X Extracts X X X X X X X X Extracts X X X X ..... ssary and expedient of income-tax in favour of any person, being a foreign company, or a person Central Government has entered into an agreement for the association or participation of that Government u/s 293A NOTIFICATION NO. G.S.R.645(E) DATED 6-7-1987 Whereas the Central Government is satisfied that it is necessary and expedient so to do in the public interest to make reduction i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of fifty per cent. of such income ; ( b ) where the total income of such person includes such profits and gains the tax payable by him on his total income shall be --- ( i ) the aggregate of the income-tax payable by him in accordance with the provisions of clause ( a ) on the profits and gains referred to in that clause included in the total income, plus ( ii ) the amount of income-tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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