Businesswonder.com - Home Page

Income Tax Exemption under Section 10(15A) of Income Tax Act, 1961

 

Eligible Assessee

Government of a foreign state or foreign enterprise

 

 

 

Nature of Income

Income derived from leasing of aircraft or aircraft engine

 

Amount Exempt

Entire amount

 

Conditions laid down for Tax Exemption

  1. Income is received from Indian company engaged in operation of aircraft

  2. Payment made for spares, facilities or services in connection of leasing is not allowed as exemption under this clause

  3. This clause shall not apply to any agreement of such lease entered into between 1-4-1997 and 31-3-1999 or after 1-4-2007

HOME  About Us   Contact Us   Disclaimer   Privacy Policy