https://www.taxtmi.com/manuals?id=1132 Amounts paid by a State Government undertaking to the State Government by way of royalty, licence fee, service fee, privilege fee, service charge or any similar charge are disallowed in computing business income when the levy is imposed exclusively on the undertaking. The corresponding rule under the earlier provision applies where such amounts are levied exclusively on, or appropriated from, a State Government undertaking by the State Government. A State Government undertaking includes State-controlled corporations, companies, authorities, boards, institutions, and bodies meeting the stated ownership or control tests. en-us Tue, 15 Sep 2015 11:12:00 +0530 Thu, 30 Apr 2026 16:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1132 Amounts paid by a State Government undertaking to the State Government by way of royalty, licence fee, service fee, privilege fee, service charge or any similar charge are disallowed in computing business income when the levy is imposed exclusively on the undertaking. The corresponding rule under the earlier provision applies where such amounts are levied exclusively on, or appropriated from, a State Government undertaking by the State Government. A State Government undertaking includes State-controlled corporations, companies, authorities, boards, institutions, and bodies meeting the stated ownership or control tests. Manuals Income Tax Tue, 15 Sep 2015 11:12:00 +0530 https://www.taxtmi.com/manuals?id=1132