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Income Tax - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

Interest subsidy - Composite income - growing and manufacturing ...


Interest Subsidy on Tea Production Must Be Part of Composite Income Before Splitting Agricultural and Non-Agricultural Income.

December 21, 2016

Case Laws     Income Tax     AT

Interest subsidy - Composite income - growing and manufacturing of tea - there is no reason why this income should not be considered as part of the composite income before apportionment between income from agriculture and income from nonagricultural income. - AT

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