Tag Archives: tax on carbon credits

Transfer of carbon credits not treated as Income u/s 2(24)? Budget 2017-18 Suggestions

By | March 1, 2017

Suggestions on Clause 45 of Finance Bill / Budget 2017- Insertion of section 115BBG – Income from transfer of carbon credits to be taxed@10% – Inclusion in definition of income under section 2(24) and clarification regarding tax treatment for prior assessment years. The proposed introduction of section 115BBG providing for a 10 percent tax on… Read More »