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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Salary to partners u/s 40(b) - such individual is not a partner ...

Case Laws     Income Tax

February 18, 2012

Salary to partners u/s 40(b) - such individual is not a partner of the assessee-firm in his individual capacity but he is a partner in the capacity of representative of HUF of which he is a karta - deduction u/s 40(b) allowed

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