The Government has notified several tax concessions to ease privatisation of Air India. TDS/TCS provisions shall not be applicable on transfer of goods. Any transfer of capital asset by Air India shall not be regarded as transfer to attract capital gains. Further the provisions of section 56(2)(x) shall also be not applicable.The Government has notified several tax concessions to ease privatisation of Air India. TDS/TCS provisions shall not be applicable on transfer of goods. Any transfer of capital asset by Air India shall not be regarded as transfer to attract capital gains. Further the provisions of section 56(2)(x) shall also be not applicable.taxmann.com Latest Statutory HappeningsRead More
