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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

The nature of receipts in the hands of assessee is income being ...


Receipts from Venture Capital Company Account Surplus are Taxable Income for Assessee.

October 4, 2015

Case Laws     Income Tax     AT

The nature of receipts in the hands of assessee is income being surplus in its account held with the Venture Capital Company distributed to assessee at the time of squaring up the account of assessee with the Venture Capital Company - Receipt of share from Venture Capital Company is taxable - AT

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