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Income Tax - Highlights / Catch Notes

Home Highlights September 2017 Year 2017 This

Relation of "sole proprietor" and his "business concern" - ...


Sole Proprietor and Business Are One Entity for Tax; Gains Not Separately Assessed.

September 4, 2017

Case Laws     Income Tax     HC

Relation of "sole proprietor" and his "business concern" - Profits or gains arising from the transfer of capital assets - there cannot be any assessment separately for the "proprietor" and "proprietorship concern". - HC

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