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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Exemption u/s.10B cannot be allowed by adjusting only a portion ...

Income Tax

July 26, 2016

Exemption u/s.10B cannot be allowed by adjusting only a portion of unabsorbed depreciation of an earlier year against the income of the export unit and adjusted the balance of unabsorbed depreciation against other business income once again to show ‘Nil’ tax liability. - AT

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