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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Income received by the Ruler from part of the palace - rental ...


Rental Income Taxable for Palace Rentals, But One Occupied Palace Exempt from Tax Calculation for Rulers.

May 19, 2014

Case Laws     Income Tax     HC

Income received by the Ruler from part of the palace - rental income - the annual value of any one palace in the occupation of a Ruler is exempt from tax in computing his total income - HC

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