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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Computation of deduction u/s 80IA - Section 80IA is the clear ...


Taxpayer Eligible for 30% Profit Deduction u/s 80IA for Qualifying Business Activities, No Complex Legal Questions Involved.

April 16, 2019

Case Laws     Income Tax     HC

Computation of deduction u/s 80IA - Section 80IA is the clear cut to get 30% of the income as profit derived by the Assessee from the eligible business - it does say, 30% of the profit from the eligible business or 30% of the total income, whichever is lower -no substantial question of law

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