Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Increase in rate of TCS of certain remittances - To promote domestic tourism and to flow of money within India TCS rate on Overseas tour package & other foreign remittance (excluding Education and Medical purposes) has been increased to 20% from 5% earlier.
Increase in rate of TCS of certain remittances - To promote domestic tourism and to flow of money within India TCS rate on Overseas tour package & other foreign remittance (excluding Education and Medical purposes) has been increased to 20% from 5% earlier.
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