Export Incentives Not Taxable as Notional Income; Taxed When Licenses Received and Income Derived.

Export Incentives Not Taxable as Notional Income; Taxed When Licenses Received and Income Derived. https://www.taxtmi.com/highlights?id=24857 Export incentives accrued on target plus scheme and focus market scheme - notional income computed by the assessee cannot be treated as taxable income of the assessee during the relevant to assessment year, however the same shall be taxed in the previous year in which the assessee has received the licenses and derived such income - AT en-us Tue, 22 Sep 2015 11:10:40 +0530 Tue, 22 Sep 2015 11:10:40 +0530 TaxTMI RSS Generator Export Incentives Not Taxable as Notional Income; Taxed When Licenses Received and Income Derived. https://www.taxtmi.com/highlights?id=24857 Export incentives accrued on target plus scheme and focus market scheme - notional income computed by the assessee cannot be treated as taxable income of the assessee during the relevant to assessment year, however the same shall be taxed in the previous year in which the assessee has received the licenses and derived such income - AT Highlights Income Tax Tue, 22 Sep 2015 11:10:40 +0530 https://www.taxtmi.com/highlights?id=24857