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Income Tax - Highlights / Catch Notes

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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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