Deduction disallowed for foreign-manufactured motor cars acquired after the specified date, except when used in tourist hire business. Amendment adds a proviso denying deductions for motor cars manufactured outside India acquired after the specified cut off date, except where the car is ... Summary
Deduction disallowed for foreign-manufactured motor cars acquired after the specified date, except when used in tourist hire business.
Amendment adds a proviso denying deductions for motor cars manufactured outside India acquired after the specified cut off date, except where the car is used in the business of running it on hire for tourists.
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