Non-application of section 44BB: income under section 44DA excluded from section 44BB's provisions from April 2011. A proviso excludes the application of a broader offshore/transactional taxation provision to income governed by the special provision, preserving the ... Summary
Non-application of section 44BB: income under section 44DA excluded from section 44BB's provisions from April 2011.
A proviso excludes the application of a broader offshore/transactional taxation provision to income governed by the special provision, preserving the distinct tax treatment for that income and clarifying that the broader provision does not apply to it from the specified effective date.
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