Regarding sec 172
This query is : Resolved
01 August 2013
U/s 172 7.5%of amount received is taxable income and charged to NRI at the rate applicable to company, then 7.5% of what amount means which should be included and which should not?? please give some clarification.
01 August 2013
they mean 7.5% of freight remittances.
02 August 2013
Means suppose goods value is Rs 100 Crore and freight charges is 5 crore then 7.5% of what?
31 August 2013
Of 5 Cr. 7.5% to be charged
31 August 2013
Yes 7.5% of freight charges that is 5 CRORE.
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