Taxibility of DEPB License
This query is : Resolved
CA Navin Sharma
(Querist)
17 November 2007
How it is tranferred? We have sold the DEPB Licence credit directly to our party without endorsement of our name. Whether the income arising on transfer will be taxable as business income or speculative income.
CA. Kirti S. Ganatra
(Expert)
17 November 2007
It will be treated as your business income whether directly or indirectly.
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