Monday 19 October 2015

Rough diamond display at BDB not taxable

Income from rough diamonds displayed in Bharat Diamond Bourse’s (BDB) Special Economic Zone (SEZ) from April 1, 2015 will not be taxable under the Income Tax Act, 1961, India’s Finance ministry has announced. The ruling applied to uncut diamonds without sorting or sale and will be carried out through the Financial Bill 2016....Read More

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