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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Taxation on mobilization charges - Entire payment of ...


Mobilization charges for contract with Cairn to be taxed u/s 44BB of Income Tax Act.

May 7, 2016

Case Laws     Income Tax     AT

Taxation on mobilization charges - Entire payment of mobilization charges in question was paid for the purpose of execution of the contract between the assessee and the ‘Cairn’ and therefore the entire sum was liable for taxed under section 44BB - AT

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