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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Nature of receipts - The expenses such as processing fees, ...

Income Tax

August 6, 2016

Nature of receipts - The expenses such as processing fees, damage charges, verification charges, reimbursement charges and lease rent etc are expenses and they cannot be added to the income. The character of the receipts above is not synonymous to interest on loans and advances. - HC

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