Sponsored
    Follow Us:
Sponsored

SECTION 44BBB l SPECIAL PROVISIONS FOR COMPUTING PROFITS
AND GAINS OF FOREIGN COMPANIES ENGAGED IN THE
BUSINESS OF CIVIL CONSTRUCTION, ETC., IN
CERTAIN TURNKEY POWER PROJECTS

416. Approval of Central Government of certain turnkey power projects

1.  The provisions contained in section 44BBB of the Income-tax Act, 1961 refer to approval of certain turnkey power projects by the Central Government.

2. It is clarified that an approval issued by the Deptt. of Power in the Ministry of Energy shall be deemed to be the approval of the Central Government for the purposes of section 44BBB of the Income-tax Act.

Circular : No. 552, dated 9-2-1990.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031