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Addition u/s 40A - disallowance being the 50 of salary paid to Director - she pays tax at the maximum marginal rates and hence there is no diversion of taxable income. - Tri

Income Tax - Addition u/s 40A - disallowance being the 50% of salary paid to Director - she pays tax at the maximum marginal rates and hence there is no diversion of taxable income. - Tri - TMI Tax Updates - Highlights .....

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