Assessee Eligible for Section 44BB Income Tax Benefit on Drilling Rig Hire Charges; 10% Deemed Profit Ratio Applies.

Assessee Eligible for Section 44BB Income Tax Benefit on Drilling Rig Hire Charges; 10% Deemed Profit Ratio Applies. https://www.taxtmi.com/highlights?id=23108 Eligibility for benefit of section 44BB denied - assessee is very much eligible for the benefit available under sec. 44BB of the Act towards the hire charges of the drilling rig by applying the deemed profit ratio of 10% under the said provisions. - AT en-us Wed, 27 May 2015 07:54:42 +0530 Wed, 27 May 2015 07:54:42 +0530 TaxTMI RSS Generator Assessee Eligible for Section 44BB Income Tax Benefit on Drilling Rig Hire Charges; 10% Deemed Profit Ratio Applies. https://www.taxtmi.com/highlights?id=23108 Eligibility for benefit of section 44BB denied - assessee is very much eligible for the benefit available under sec. 44BB of the Act towards the hire charges of the drilling rig by applying the deemed profit ratio of 10% under the said provisions. - AT Highlights Income Tax Wed, 27 May 2015 07:54:42 +0530 https://www.taxtmi.com/highlights?id=23108