Tax on CER Sale Gains Only When Transferred Abroad, Not on Accrual Alone.
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....Taxability of carbon credit - gains on sale of CERs, though taxable in nature, could only have been taxed at the point of time when these CERs were actually transferred to the foreign entity - cannot be brought to tax by the reason of accrual simplictor. - AT....




TaxTMI
TaxTMI