INCOME TAX

Taxation of foreign telecasting companies Guidelines for computation of income-tax, etc.

Circular No. 765

Dated 15/4/1998

The Central Board of Direct Taxes, vide Circular No. 742, dated 2nd May, 1996, [1996] 219 ITR (St.) 49, issued guidelines for taxation and computation of income of foreign telecasting companies. The guidelines were applicable up to 31st March, 1998. It has been decided to extend the circular beyond 31st March, 1998, and the guidelines issued in the abovementioned circular would be applicable to all pending cases irrespective of the assessment year involved until further orders.

(Sd.) Rajat Bansal,

Under Secretary (FTD).

[F. No. 500/50/96-FTD]