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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Section 44BB is applicable only with respect to Royalty and FTS ...


Section 44BB Taxation: Consumables with Hired Machinery Deemed Taxable as Royalty and Fees for Technical Services.

July 17, 2014

Case Laws     Income Tax     AT

Section 44BB is applicable only with respect to Royalty and FTS but since consumables were supplied along with P&M given on hire, therefore, the receipts were taxable u/s 44BB - AT

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