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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

The unclaimed amounts out of the Guarantee Reserve Account ...


Unclaimed Guarantee Reserve Account funds now taxable as income after conversion from deposits.

July 5, 2017

Case Laws     Income Tax     HC

The unclaimed amounts out of the Guarantee Reserve Account received in earlier years was assessable to tax as the deposit had changed its character into income - HC

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