https://www.taxtmi.com/highlights?id=34632 Escapement of income - works contract - A.O. directed to estimate net profit of 10% on main contract works and 7% on sub contract works, net of all expenditure including depreciation, but subject to further deductions towards interest on capital and remuneration to partners u/s 40(b) - AT en-us Wed, 03 May 2017 08:24:38 +0530 Wed, 03 May 2017 08:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34632 Escapement of income - works contract - A.O. directed to estimate net profit of 10% on main contract works and 7% on sub contract works, net of all expenditure including depreciation, but subject to further deductions towards interest on capital and remuneration to partners u/s 40(b) - AT Highlights Income Tax Wed, 03 May 2017 08:24:38 +0530 https://www.taxtmi.com/highlights?id=34632