Addition u/s 40A - disallowance being the 50% of salary paid to ...
Section 40A Amendment: Disallowance of 50% Salary Paid to Directors Taxed at Maximum Marginal Rates.
September 19, 2016
Case Laws Income Tax AT
Addition u/s 40A - disallowance being the 50% of salary paid to Director - she pays tax at the maximum marginal rates and hence there is no diversion of taxable income. - AT
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