Tag Archives: Circular No. 39/2016

Subsidies of transport, power & interest -Eligible for deduction u/s 80IB – 80IC

Central Board of Direct Taxes Circular No. 39/2016, Dated: November 29, 2016 [F.No.279/Misc./140/2015/ITJ] Subject: Transport, Power and Interest subsidies received by an Industrial Undertaking – Eligibility for deduction under sections 80-IB, 80-IC etc., of the Income-tax Act, 1961- Reg. The issue whether revenue receipts such as transport, power and interest subsidies received by an Industrial Undertaking/… Read More »