Finance Act 2010 - Sec44BB & Sec44DA - Tax treatment of Income of NR providing services or facilities for extraction or production of Mineral Oil

Sec.44BB&Sec.44DA /115A

*Now,if INCOME of NR is IN THE NATURE OF fee for technical services,it shall b taxable either u/s44DA or115A IRRESPECTIVE OF BUSINESS to which it relates.

*Sec44BB wud apply only in case where consideration is for services&other facilities relating to MINERAL OIL exploration,extraction,productn activities WHICH ARE NOT IN THE NATURE of tech services.