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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Treatment of grant-in-aid towards salary & PF as taxable - ...

Income Tax

May 27, 2016

Treatment of grant-in-aid towards salary & PF as taxable - received for the payment of arrears of PF of the employees, salary and wages of employees - grant-in-aid is capital in nature therefore it is not liable to tax. - AT

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