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TMI BlogAddition u/s 40A - disallowance being the 50% of salary paid to Director - she pays tax at the maximum...Addition u/s 40A - disallowance being the 50% of salary paid to Director - she pays tax at the maximum marginal rates and hence there is no diversion of taxable income. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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