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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Remuneration to partners has to be computed on the basis of the ...

Case Laws     Income Tax

November 5, 2011

Remuneration to partners has to be computed on the basis of the book profit declared by the assessee subject to the conditions prescribed u/s. 40(b) of the Act - Enhanced remuneration to partners cannot be allowed on the basis of any addition/disallowance made in the assessment order .... - AT

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