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Income Tax - Highlights / Catch Notes

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Deduction u/s.80P - collective disposal of labour of its members ...

Income Tax

January 18, 2016

Deduction u/s.80P - collective disposal of labour of its members - The assessee Cooperative society has got some work order from Praj Industries Ltd. which it had outsourced to some other concern on the condition of earning 1% commission. There is no involvement of the members of the cooperative society at all in executing the work. - Deduction not allowed - AT

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