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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Exemption from payment of income tax on interest earned - the ...


Mutual Associations Cannot Claim Tax Exemption on Interest Income Under the Principle of Mutuality.

June 27, 2015

Case Laws     Income Tax     AT

Exemption from payment of income tax on interest earned - the concept of mutuality shall not be extended to the interest incomes earned by a mutual association or a society. - AT

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