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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Scope of Section 56(2)(vi) - monthly amount was paid by way of ...

Income Tax

January 19, 2014

Scope of Section 56(2)(vi) - monthly amount was paid by way of alimony only because they were husband and wife in pursuance of divorce agreement is taxable - but accumulation of the same held as capital in nature not taxable - AT

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