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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Additions towards VAT component of unaccounted sales - Since, ...


VAT Component Additions Unnecessary in Net Profit Estimation Based on Total Turnover, Streamlining Tax Calculations.

January 2, 2017

Case Laws     Income Tax     AT

Additions towards VAT component of unaccounted sales - Since, the net profit of the assessee has been estimated on total turnover, there is no need for separate additions towards VAT component - AT

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