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

..... salary to partners
Query (Issue) Started By: - ravindranath rao Dated:- 24-4-2013 Last Reply Date:- 19-11-2015 Income Tax
Got 1 Reply
Income Tax
As per the decision of supreme court in th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e 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 government are not includible in the profits for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 to promote the export business, hence It shall no .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t be considered for computation of book profit for the purpose of computation of remmuneration to the partners of firm. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the above said issue? If not please inform.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X