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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Application of Section 41(1) - Interest free unsecured loan from ...

Income Tax

July 29, 2013

Application of Section 41(1) - Interest free unsecured loan from Government - onversion of the capital of one amount to another amount. - there is no provision in the Act that on conversion of one capital from another capital will be treated as revenue receipt - HC

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