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Remittance of funds by NR to India out of incomes accrued outside India aren’t taxable in India

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  • Remittance of funds by NR to India out of incomes accrued outside India aren’t taxable in India
Posted onon June 19, 2015

Tenet Tax Daily June 20 2015

By tenettax-team
Corporate Tax, International Tax

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Assessee engaged in production and export of textiles installed one windmill for a separate business of generation of power would be eligible for additional depreciation on windmill under section 32(1)(iia)
Waiver of loan by bank as one time settlement did not result in revenue receipt which could be brought to tax under section 28(iv)

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