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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Rate of tax - Maximum Marginal Rate (MMR) - If there is ...


Maximum Marginal Rate Tax Applies to Specific Section 13 Violations, Rest Benefits from Section 11 Provisions.

July 4, 2016

Case Laws     Income Tax     AT

Rate of tax - Maximum Marginal Rate (MMR) - If there is violation of Section 13 read with Section 11, MMR can be applied only to that sum which was considered u/s 13 and benefit of Section 11 shall be allowed for remaining amount

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