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Income Tax - Highlights / Catch Notes

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Deduction u/s. 80-IAB - The head of income under which the said ...


Income Classification for Tax Deductions: Section 80-IAB Focuses on Source, Not Business Income Limitation.

May 23, 2017

Case Laws     Income Tax     AT

Deduction u/s. 80-IAB - The head of income under which the said income is assessable, which is on the basis of the source – from amongst the specified sources under the Act, most appropriate for the said income, so that it is not assessable as business income but as income from house property, would not be a limiting or debilitating factor. - AT

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