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Income Tax - Highlights / Catch Notes

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Excess stock found during the course of survey is income from ...

Income Tax

August 17, 2016

Excess stock found during the course of survey is income from business and profession and cannot be assessed U/s 69 - U/s 28(v) the interest, salary, bonus, commission and remuneration in the name of partner is assessed to tax as income from business and profession. - AT

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