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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Deemed dividend - assessee (employee) entitled to both salary ...

Case Laws     Income Tax

February 24, 2012

Deemed dividend - assessee (employee) entitled to both salary and commission of profits - the advance of commission on profits over and above that amount drawn during the course of the year before the profits was determined and accrued to the petitioner, would be treated as deemed dividend subject to tax. - HC

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