Thursday, June 18, 2020

Bombay HC allows deduction of ‘Education Cess’ while computing income chargeable under PGBP

INTERNATIONAL TAXATION: Demurrage paid by assessee-company to non-resident buyers of iron ore in terms of relevant sales contract was not income accrued or arisen to said non-resident buyers in India within meaning of section 5(2)(b) read with Explanation 1(b) to section 9(1)(i)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194161/bombay-hc-allows-deduction-of-‘education-cess’-while-computing-income-chargeable-under-pgbp.aspx

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