Special provision for computing profits and gains of Foreign Companies engaged in the Business of Civil Construction etc. In certain Turnkey Power Projects – Section 44BBB

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..... urnkey Power Projects Section 44BBB Applicable to Foreign company in business of civil construction or erection testing of power plants. Income deemed as PGBP 10% of: Amount received in India or outside India for carrying out the above work. Income lower than presumptive ra .....

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..... nd gains of business for any previous year in accordance with the provisions of section 44BBB(1), no set off of unabsorbed depreciation and brought forward loss shall be allowed to the assessee for such previous year. [ Section 44BBB(3) ] [Amendment by FA, 2023 w.e.f. AY 2024-25]. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - ta .....

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