Income from display of rough diamonds in Special Notified Zone carried-out on or after 1st April, 2015 not to be taxable under the provisions of the Income-tax Act, 1961

Income from display of rough diamonds in Special Notified Zone carried-out on or after 1st April, 2015 not to be taxable under the provisions of the Income-tax Act, 1961 https://www.taxtmi.com/news?id=15096 Income from the mere display of uncut (rough) diamonds inside a Special Notified Zone on or after 1 April 2015 will not be taxable under the Income-tax Act, 1961; a legislative amendment to that effect will be carried out through the Finance Bill, 2016. The non-taxable treatment applies only to display and excludes sorting or sale, and is intended to facilitate participation in the Special Notified Zone at the Bharat Diamond Bourse. en-us Sat, 17 Oct 2015 09:24:35 +0530 Sat, 17 Oct 2015 09:24:35 +0530 TaxTMI RSS Generator Income from display of rough diamonds in Special Notified Zone carried-out on or after 1st April, 2015 not to be taxable under the provisions of the Income-tax Act, 1961 https://www.taxtmi.com/news?id=15096 Income from the mere display of uncut (rough) diamonds inside a Special Notified Zone on or after 1 April 2015 will not be taxable under the Income-tax Act, 1961; a legislative amendment to that effect will be carried out through the Finance Bill, 2016. The non-taxable treatment applies only to display and excludes sorting or sale, and is intended to facilitate participation in the Special Notified Zone at the Bharat Diamond Bourse. News - Sat, 17 Oct 2015 09:24:35 +0530 https://www.taxtmi.com/news?id=15096