Monday, December 10, 2018

CBDT Notifies Applicability of S. 115JG on Conversion of Indian Branch of Foreign Bank into Indian Subsidiary Company [Read Notification]

The Central Board of Direct Taxes ( CBDT ) has notified the unabsorbed depreciation, set off/ carry forward of losses, tax credit under section 115JG of the Income Tax Act, 1961 for conversion of Indian Branch of Foreign Bank into Indian Subsidiary company. The Finance Act, 2012 inserted a new Chapter XII-BB consisting of Section […]

The post CBDT Notifies Applicability of S. 115JG on Conversion of Indian Branch of Foreign Bank into Indian Subsidiary Company [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.



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