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Income Tax - Highlights / Catch Notes

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Allowance of depreciation and partners salary etc. from ...


Section 44AD: Depreciation and Partners' Salary Allowed from Estimated Income, Subject to Section 40(b) Limits.

May 27, 2014

Case Laws     Income Tax     AT

Allowance of depreciation and partners salary etc. from estimated income applying the provisions of Section 44AD - AO is directed to allow the salary and interest paid to the partner subject to the limitation provided in section 40(b) - AT

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