Section 44BBB - Special provision for computing profits and gains of foreign companies engaged in the business of civil construction

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Full Text of the Document

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....Applicable to Foreign company in business of civil construction or erection & testing of power plants. Income deemed as PGBP 10% of amount received in India or outside India for carrying out the above work. Income lower than presumptive rate Assessee can show provided he maintain books of account & get the audit done under section 44AB & his case will be put in scrutiny assessment under secti....