Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Does ICDS apply for the purposes of computing exemption u/s 11 to 13.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion ICDS would not apply for the purposes of computing exemption u/s 11 to 13 since the computation of exemption is based on the commercial concept of income. However, where such income loses .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... st or institution and separate books are maintained in respect of such business, the exemption provisions u/s 11 to 13 would apply. In such a case, the income from business has to be computed on c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates