New exemption - any income accruing or arising to a foreign company on account of sale of leftover stock of crude oil, if any, from the facility in India after the expiry of the agreement or the arrangement - Budget 2017-18 w.e.f. AY 2018-19

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..... INANCE BILL, 2017 Certain incomes not included in total income u/s 10 The existing provisions contained in the said section provide that in computing the total income of a previous year of any person, certain categories of income shall not be included in total income. Clause (48A) of said section provides that any income accruing or arising to a foreign company on account of storage of crude oi .....

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