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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Shipping income assessment - Exchange gain on account of ...


Foreign Loan Exchange Gain Classified as Core Activity for Shipping Companies Under Chapter XII-G of Income Tax Act.

March 5, 2019

Case Laws     Income Tax     HC

Shipping income assessment - Exchange gain on account of restatement on foreign loan - it would be considered to be a part of core activity of the shipping company entitled the benefit of Chapter XII-G of the Act.

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