Exempts every Indian company engaged wholly or partly in the business of printing and publishing newspapers, magazines and journals or any one or more of them - S.O.2817 - Income Tax Act, 1961
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Tax exemption for newspaper publishers removes application of specified tax provision subject to press ownership and asset and income thresholds. Exempts Indian companies engaged in printing and publishing newspapers, magazines or journals from a specified Income-tax provision for the previous year ... Summary
Tax exemption for newspaper publishers removes application of specified tax provision subject to press ownership and asset and income thresholds.
Exempts Indian companies engaged in printing and publishing newspapers, magazines or journals from a specified Income-tax provision for the previous year relevant to the assessment year beginning 1 April 1965 and subsequent years, provided publications are printed in a company-owned press, the value of plant and machinery in books exceeds a lower threshold and is below an upper threshold, and where the company is exclusively engaged in the business, income from that business forms a majority of its total income.
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