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No exemption if agricultural land inherited from father was sold after converting it into residential plots
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Corporate Tax
No exemption if agricultural land inherited from father was sold after converting it into residential plots
Posted on
on
April 20, 2018
Tenet Tax Daily April 18 2018
By
tenettax-team
Corporate Tax
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Rental income taxable as business income if assessee has shut down its main business activity
Payment made to foreign co. for outright purchase of copyrights & technical know-how couldn’t be taxed as royalty