Recent judgements pertaining to Income Tax and Goods and Service Tax, Investment Terminology and other related & unrelated articles from various sources. Disclaimer: The content is for general information only and is not intended to be advice on any particular matter. Readers should seek appropriate professional advice before acting on basis of the said information.
Stocks
26 December 2010
80HHC - direct and indirect costs have to be reduced from export turnover
In order to compute deduction under section 80HHC, direct and indirect costs have to be reduced from export turnover, which in any case can not include freight and insurance charges attributable to transportation of goods or merchandise - [2010] 8 TAXMANN.COM 277 (KAR.)
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Income Tax (India)
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