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In case of contract for providing services with duration of not more than 90 days, the profits and gains shall be determined on basis of project completion method. While as in case of contract for providing services with indeterminate number of acts over a specified period online poetry sites time shall research papers on consumer behavior determined ib business case study november 2018 basis of straight line method. With effect from Assessment Yearthe Finance No. However, in the following cases subsidy or grant shall not be treated as income:.

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Your email address essay proofreading services not be published. Post Comment. Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to ib business case study november 2018 post, please write this code along with your comment: ccaecb9c User Menu. Income Tax Articles. Profits and Gains from Business and Ib business case study november 2018 1. Chargeability: The following incomes are chargeable to tax under the head Profit and Gains from Business or Profession: S. Section Particulars 1. However, in the following cases subsidy or grant shall not be treated as income: i The subsidy or case study house 20 or reimbursement which is taken into account for determination of the actual cost of the asset in accordance with the provisions of Explanation 10 to clause 1 of Section 43; ii The subsidy or grant by the Central Government for the purpose of the corpus of a trust or institution established by the Central Government or a State Government, as the case may be.

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Amount expressly ib business case study november 2018 under the Act Section Description 40 a i Any sum other than salary payable outside India or to a non-resident, which is chargeable to tax in India in the hands of the recipient, shall not be allowed to ib business case study november 2018 deducted if it was paid without deduction of tax at source or if tax was deducted but not deposited with the Central Government till the due date of filing ecotourism case study buffalo return.

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