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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Assessee is member of AOP and received interest as member of the ...


Interest Received by AOP Member Must Be Taxed in Member's Hands per Section 67A Guidelines.

May 31, 2017

Case Laws     Income Tax     AT

Assessee is member of AOP and received interest as member of the AOP, hence as per section 67A, the income has to be computed in the hands of AOP and the share income has to be brought to tax in the hands of member of AOP - AT

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