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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Taxability of benefit or perquisite received from customers - ...


Section 28(iv) Income Tax Act: Cash Benefits from Customers Not Taxable as Perquisites or Benefits.

May 17, 2017

Case Laws     Income Tax     AT

Taxability of benefit or perquisite received from customers - section 28(iv) would not apply when the amount received is cash or is considered in terms of money - the phrase "whether convertible into money or not" would normally mean something else than money - AT

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