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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Differential Plans of Charging of Interest - All the SHGs ...


Surplus Distribution by Self-Help Groups Under Trusts Exempt from Tax Due to Mutuality Principle.

November 26, 2013

Case Laws     Income Tax     AT

Differential Plans of Charging of Interest - All the SHGs working under the assessee trusts are concerns governed by the principles of mutuality and accordingly the 95 per cent of surplus distributed among them are not in the nature of income - AT

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