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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Exemption u/s 11 - it is apparent that the assessee’s funds have ...

Income Tax

August 16, 2013

Exemption u/s 11 - it is apparent that the assessee’s funds have not been parted away as the FDRs were lying intact in the bank, the assessee has received interest thereon and got the maturity proceeds in the next year - therefore, assessee is eligible for exemption u/s 11 of the Act - AT

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