Thursday, 31 December 2015

Sec. 80-IA tax holiday applies to profits of telecom business and not restricted to profits “derived

IT: The use of non-obstante clause in section 80-IA(2A) would show that tax holiday to undertaking providing telecommunication services is in respect of "profits of eligible business" and not restricted to "profits derived from eligible business" as mentioned in section 80-IA(1)

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