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Sum paid to NR to identify potential customers and to conduct market survey abroad held taxable as FTS

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  • Sum paid to NR to identify potential customers and to conduct market survey abroad held taxable as FTS
Posted onon December 2, 2013

Tenet Tax Daily December 2 2013

By tenettax-team
Corporate Tax, International Tax

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Short-term capital gain computed on long-term depreciable assets can be set off against long-term capital loss
Only profits embedded in purchases made from grey market are taxable in hands of assessee

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