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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Subsidy pursuant to a scheme formulated and implemented by the ...

Income Tax

March 27, 2020

Subsidy pursuant to a scheme formulated and implemented by the Government for promotion of construction of Cinema Halls and support the film industry - revenue or capital subsidy - Subsidy in the given circumstance will definitely constitute ‘capital subsidy’ and it is to be excluded from assessment of tax

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