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Turnkey/EPC Contracts Taxable Pre-June 2007: Clause (e), Explanation (ii), Section 65(105)(zzzza) Clarifies Drafting and Tax Implications.

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....Turnkey/ EPC project contracts, enumerated in clause (e), Explanation (ii) in Section 65(105)(zzzza) of the Act is a descriptive and ex abundant cautela drafting methodology. - a turnkey/ EPC contract is taxable prior to 01.06.2007 as well.- AT....

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