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Income Tax - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Notional rent - income from house property u/s 22 - The assessee ...


Company Exempt from Tax on Notional Rent for Property Used by Partnership Firm u/s 22 of Income Tax Act.

October 1, 2016

Case Laws     Income Tax     AT

Notional rent - income from house property u/s 22 - The assessee is a Private Limited Company and is a partner in a Partnership Firm which carries on business from the same premises which is owned by the assessee - Notional rent is not chargeable to tax in this case - AT

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