Taxation of foreign telecasting companiesGuidelines for computation of income-tax, etc.

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....d down certain guidelines for the computation of profits of FTCs from advertisement payments received by them from India. These guidelines were extended till further orders by Circular No. 765, dated 15-4-1998.  The Central Board of Direct Taxes hereby withdraws the above Circular with effect from 31-3-2001. 2. The total income of FTCs from advertisements, hitherto computed on a presumptiv....