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foundry-planet.com - B2B Portal: BRICS: Building high quality partnerships to create a new area of global development

BRICS: Building high quality partnerships to create a new area of global development ....

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Compensation amount for property acquired for bullet train project not taxable: Bombay HC

The Bombay High Court has held that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd (NHSRCL) acquired for the Mumbai-Ahmedabad bullet train project.
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Compensation Amount Given For Property In Mumbai-Ahmedabad Bullet Train Project Not Taxable Says Bombay High Court

The Bombay High Court said that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd (NHSRCL) acquired for the Mumbai-Ahmedabad bullet train project. ....

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No tax on property acquired for bullet train project: Bombay HC

The court directed the NHSRCL to file a correction statement within a month to the effect that the TDS deducted by it while paying the compensation amount to Patil was not liable to be deducted.
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foundry-planet.com - B2B Portal: IN – Foundry Industry Hails Reduction in Import Duty on Raw Material for Steel Making

Foundry Industry Hails Reduction in Import Duty on Raw Material for Steel Making ....

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