Tax on CER Sale Gains Only When Transferred Abroad, Not on Accrual Alone.

Tax on CER Sale Gains Only When Transferred Abroad, Not on Accrual Alone. https://www.taxtmi.com/highlights?id=28765 Taxability of carbon credit - gains on sale of CERs, though taxable in nature, could only have been taxed at the point of time when these CERs were actually transferred to the foreign entity - cannot be brought to tax by the reason of accrual simplictor. - AT en-us Mon, 25 Apr 2016 12:01:02 +0530 Mon, 25 Apr 2016 12:01:02 +0530 TaxTMI RSS Generator Tax on CER Sale Gains Only When Transferred Abroad, Not on Accrual Alone. https://www.taxtmi.com/highlights?id=28765 Taxability of carbon credit - gains on sale of CERs, though taxable in nature, could only have been taxed at the point of time when these CERs were actually transferred to the foreign entity - cannot be brought to tax by the reason of accrual simplictor. - AT Highlights Income Tax Mon, 25 Apr 2016 12:01:02 +0530 https://www.taxtmi.com/highlights?id=28765