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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Deduction u/s.80P - collective disposal of labour of its members ...


Cooperative Denied Section 80P Deduction for Outsourcing Work Without Member Involvement, Earning 1% Commission Instead.

January 18, 2016

Case Laws     Income Tax     AT

Deduction u/s.80P - collective disposal of labour of its members - The assessee Cooperative society has got some work order from Praj Industries Ltd. which it had outsourced to some other concern on the condition of earning 1% commission. There is no involvement of the members of the cooperative society at all in executing the work. - Deduction not allowed - AT

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