What is the tax Rate on DEPB License in case of sale.
Attached File : 52 depb.doc downloaded: 198 times
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DEPB
Attached File : 52 depb.doc downloaded: 198 times
Replies (2)
Section 50 is applicable,if the license is forming part of block of assets
what block of assets santosh? its not an asset ??
Depb is an incentive given by the government , its income , has to be credited to P & L , normal income tax rates apply on the final profit /loss figure
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