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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Disallowance of expenditure incurred towards village development ...

Income Tax

July 3, 2019

Disallowance of expenditure incurred towards village development - In order to earn goodwill of the people residing in the neighbor-hood area and to keep social relations with residents, assessee company has to incur certain expenditure, repaired certain village roads and given donations during social occasions - allowable business expenditure

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