TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Act 1997 amends section 44B of Income-tax Act to include demurrage and handling charges retroactively.</h1> In the Finance Act of 1997, an amendment to section 44B of the Income-tax Act was made, effective retroactively from April 1, 1976. The amendment introduces an Explanation to sub-section (2), clarifying that the amounts mentioned in clauses (i) and (ii) include payments or receivables, such as demurrage and handling charges, or any similar amounts. This clarification affects how such charges are treated under the specified section of the Income-tax Act, ensuring they are included in the relevant calculations.
TaxTMI 
TaxTMI 
