salary to partners

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... As per the decision of supreme court in the case of CIT vs Liberty India and the decision of Madras High Court in the case of CIT vs Jameel leathers and uppers , dutydraw back received from the gov .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ernment are not includible in the profits for the purpose of computing deduction under section 80 IB . On the same line dutydraw back received from the government is nothing but a type of incentive t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o promote the export business, hence It shall not be considered for computation of book profit for the purpose of computation of remmuneration to the partners of firm. - Reply By MARIAPPAN GOVINDARAJ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... AN - The Reply = Whether you have got clarified in the above said issue? If not please inform. - salary to partners - Query Started By: - ravindranath rao Dated:- 24-4-2013 Income Tax - Got 1 Repl .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... MITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X