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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Addition u/s 68 - creditworthiness of the creditor - share ...


Section 68: Non-resident Share Applicant's Funds Exempt from Indian Income Tax.

January 1, 2019

Case Laws     Income Tax     AT

Addition u/s 68 - creditworthiness of the creditor - share applicant was residing abroad during relevant time - the money brought into India by non-residents for investment or other purposes is not liable to Indian Income Tax.

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