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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Profit on transfer of development rights to the fully owned ...

Income Tax

August 26, 2015

Profit on transfer of development rights to the fully owned subsidiary company - since the said profit does not fall under the definition of “income” at all and since it does not enter into the computation provisions at all, there is no question of including the same in the Book Profit as per the scheme of the provisions of sec. 115JB - AT

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