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Income Tax - Highlights / Catch Notes

Home Highlights November 2011 Year 2011 This

Taxability of receipt u/s 28(va) - Payments on account of ...


Non-compete fees not taxed u/s 45; considered business profits u/s 28(va) of Income Tax Act.

November 22, 2011

Case Laws     Income Tax     AT

Taxability of receipt u/s 28(va) - Payments on account of non-compete fees cannot be brought to tax u/s.45 - taxable as business profit... - AT

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