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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Disallowance of commission expenses - Though, the payment may be ...

Income Tax

January 3, 2020

Disallowance of commission expenses - Though, the payment may be at the convenience of the parties or at the time of availability of funds but the booking the bills after substantial delay proves that these expenditure are not genuine. The confirmation notes and the invoices of brokerage and confirmation note do not prove that services have been rendered.

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