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Interest earned from inter-corporate loans and foreign currency account are eligible for sec. 10B relief

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Posted onon July 24, 2014

Tenet Tax Daily July 17 2014

By tenettax-team
Corporate Tax

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Deduction under section 80-IAB upheld where bare-shell building sold to co-developer, although not a permitted activity, since Board of Approval (BOA) had granted approval for transfer of bare-shell to co-developer in accordance provisions of SEZ Act and SEZ Rules
Sum paid to NR for providing equipment and software to Indian clients facilitating ‘Forex deal matching’ is royalty

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