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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

The compensation so paid for not carrying any activity in ...


Compensation for Not Engaging in Business Activity is Taxable Income u/s 28(va)(a) of Income Tax Act.

August 7, 2018

Case Laws     Income Tax     AT

The compensation so paid for not carrying any activity in relation to any business (commodity trading business) would be taxable going by the plain meaning of section 28(va)(a).

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