TMI BlogCompany Shareholders Must Not Bear On-Money Land Purchase Costs; Misconceived Tax Treatment Highlighted.Disallowance of Payment of on-money for purchase of land - It is misconceived idea to charge payment of ‘on money’ to the shareholders of the company, in which company entered in the transaction - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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