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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Subvention payment - amount received from parent company - If ...

Case Laws     Income Tax

November 30, 2013

Subvention payment - amount received from parent company - If the financial assistance is extended to run business more profitably or to meet recurring expenses, such payment will have to be treated as revenue receipt - HC

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