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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Estimation of net profit @ 8% of gross turnover cannot be said ...

Case Laws     Income Tax

September 18, 2018

Estimation of net profit @ 8% of gross turnover cannot be said to be unjustified - However, the salary of the partners and interest of the partner’s capital account cannot be clubbed in such addition.

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