"16 August 1969" Archive

Circular No. 27-Income Tax dated 16-8-1969

Circular No. 27-Income Tax 16/08/1969

Circular : No. 27-Income Tax The Finance Act, 1968 made provisions in sections 35B and 35C, respectively, for the grant of "export markets development allowance" and "agricultural development allowance" in computing the profits and gains from business. Under section 35B, an assessee, being a domestic company or a resident non-corporate p...

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