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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Interest claimed on partners' capital contribution made to chit ...


Interest on Partners' Capital in Chit Funds and Retired Partners' Payments Denied as Income Deduction.

July 16, 2014

Case Laws     Income Tax     AT

Interest claimed on partners' capital contribution made to chit funds and interest claimed on payment to retired partners' outstanding balance - claim of deduction from income from other sources denied - AT

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