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Income Tax Exemption under Section 10(40) of Income Tax Act, 1961

 

Eligible Assessee

Any Subsidiary company

 

Nature of Income

Income received from Indian holding company

 

 

 

Amount Exempt

Entire amount

 

Conditions laid down for Tax Exemption
The income is received by way of grant or other income from Indian holding company for the revival or reconstruction of existing power generating business.

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