Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Central Government Approves Income-Tax Exemption for Kreditanstalt fur Wiederaufbau Under Section 10(15)(iv)(b) of Income-tax Act.</h1> The Central Government, exercising its powers under section 10(15)(iv)(b) of the Income-tax Act, 1961, has approved the Kreditanstalt fur Wiederaufbau (West German Bank for Reconstruction) for an exemption from income-tax or super-tax. This exemption applies to the interest payable by any industrial undertaking in India on funds borrowed under a loan agreement with this foreign financial institution.