Business Standard

Govt Defines & #8216;Business Connection & #8217;

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H P Agrawal BUSINESS STANDARD

Under the existing provisions contained in Section 9, all income accruing or arising, whether directly or indirectly, through or from any business connection in India, or through or from any property in India, or through or from any asset or source of income in India, or through the transfer of a capital asset situated in India, is deemed to accrue or arise in India. The term

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First Published: Mar 31 2003 | 12:00 AM IST

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