https://www.taxtmi.com/acts?id=9499 Insertion of clause (va) into section 28 treats payments under agreements to refrain from carrying on activity or to refrain from sharing know how, patents, copyrights, trade marks, licences, franchises or similar business rights or information as taxable business receipts; exceptions exclude consideration chargeable as capital gains for transfer of rights to manufacture or carry on business and compensation from the Montreal Protocol multilateral fund. "Agreement" is defined broadly to include informal or non enforceable arrangements and "service" is given an expansive commercial meaning. en-us Tue, 21 Oct 2008 13:22:51 +0530 Tue, 21 Oct 2008 13:22:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9499 Insertion of clause (va) into section 28 treats payments under agreements to refrain from carrying on activity or to refrain from sharing know how, patents, copyrights, trade marks, licences, franchises or similar business rights or information as taxable business receipts; exceptions exclude consideration chargeable as capital gains for transfer of rights to manufacture or carry on business and compensation from the Montreal Protocol multilateral fund. "Agreement" is defined broadly to include informal or non enforceable arrangements and "service" is given an expansive commercial meaning. Act-Rules F. Acts / Amendment Acts Tue, 21 Oct 2008 13:22:51 +0530 https://www.taxtmi.com/acts?id=9499