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Rule 11 of Income Tax Rules 1962: Determination of income from transactions with non-residents

Rule 11 - Determination of income from transactions with non-residents

The profits and gains derived from any business carried on in the manner referred to in section 92 may be determined for the purposes of assessment to income-tax according to rule 10.

Extra Notes for Readers:

- Rule 11 was omitted by the Income Tax (21st Amendment) Rules, 2001, w.e.f. 21-8-2001

Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.
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