corporate and professional update february 8, 2016
CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 8, 2016 INCOME TAX ACT SECTION 10B EXPORT-ORIENTED UNDERTAKING Computation of deduction: Interest on FDRs which were under lien with Bank for facilitating letter of credit and bank guarantee facilities would qualify for deduction under section 10B – [2016] 65 287 (Delhi) SECTION 14A EXPENDITURE INCURRED IN RELATION TO INCOME NOT INCLUDIBLE …