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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Diversion of income by way of overriding title - legal heirs of ...

Income Tax

March 7, 2019

Diversion of income by way of overriding title - legal heirs of the deceased partner was paid a sum as per the partnership deed - Diversion of income at source can take place either under a legal compulsion or under a contractual obligation or else under a statutory provision. Hence payment legal heirs of the deceased partner is allowable as Diversion of income.

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