Income from oil exploration, royalties, and equipment leasing taxed u/s 44BB of the Income Tax Act.

Income from oil exploration, royalties, and equipment leasing taxed u/s 44BB of the Income Tax Act. https://www.taxtmi.com/highlights?id=38773 Exploration/ prospecting/extraction of mineral oil - income arising on account of royalty/FTS, letting out of equipment etc. was to be taxed u/s 44BB - Income on account of provision of equipment and services earned by the assessee company shall be taxable as per the provisions of Section 44BB of the Act. - AT en-us Fri, 06 Apr 2018 15:14:30 +0530 Fri, 06 Apr 2018 15:14:30 +0530 TaxTMI RSS Generator Income from oil exploration, royalties, and equipment leasing taxed u/s 44BB of the Income Tax Act. https://www.taxtmi.com/highlights?id=38773 Exploration/ prospecting/extraction of mineral oil - income arising on account of royalty/FTS, letting out of equipment etc. was to be taxed u/s 44BB - Income on account of provision of equipment and services earned by the assessee company shall be taxable as per the provisions of Section 44BB of the Act. - AT Highlights Income Tax Fri, 06 Apr 2018 15:14:30 +0530 https://www.taxtmi.com/highlights?id=38773