Section 44BB Taxation: Consumables with Hired Machinery Deemed Taxable as Royalty and Fees for Technical Services.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Section 44BB is applicable only with respect to Royalty and FTS but since consumables were supplied along with P&M given on hire, therefore, the receipts were taxable u/s 44BB - AT....
TaxTMI