https://www.taxtmi.com/acts?id=46816 Clauses (a) and (b) are amended to treat receipts as arising only where made "from Government or an Indian concern in pursuance of an agreement made by the foreign company with Government or with the Indian concern," and a new clause (c) disallows any deduction for expenditure or allowance in computing income from interest received from Government or an Indian concern on moneys borrowed or debt incurred by them in foreign currency. en-us Tue, 31 Dec 2024 17:05:35 +0530 Tue, 31 Dec 2024 17:05:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46816 Clauses (a) and (b) are amended to treat receipts as arising only where made "from Government or an Indian concern in pursuance of an agreement made by the foreign company with Government or with the Indian concern," and a new clause (c) disallows any deduction for expenditure or allowance in computing income from interest received from Government or an Indian concern on moneys borrowed or debt incurred by them in foreign currency. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:05:35 +0530 https://www.taxtmi.com/acts?id=46816