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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

Dated:- 2-2-2017 - Clause - 006 - Amendment of section 10. THE FINANCE 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 pre .....

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n India and sale of crude oil therefrom to any person resident in India shall be exempt, if the said storage and sale is pursuant to an agreement or an arrangement entered into by the Central Government or approved by the Central Government; and havi .....

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