Amendment of section 44BB

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..... - Clause 16 of the Bill seeks to amend section 44BB of the Income tax Act relating to special provision for computing profits and gains in connection with the business of exploration, etc., of mineral oils. Under the existing provisions contained in sub-section (1) of the aforesaid section, income of a non-resident assessee who is engaged in the business of providing services or facilities in con .....

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..... lso not apply in case where the provisions of section 44DA become applicable. This amendment will take effect from 1st April, 2011, and will, accordingly, apply in relation to assessment year 2011-2012 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia .....

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