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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Disallowance of remuneration paid to working partners - instead ...


Deduction for Partner Remuneration Allowed Despite Deviation from Partnership Deed Per Section 40(b)(v) of Income Tax Act.

February 7, 2019

Case Laws     Income Tax     AT

Disallowance of remuneration paid to working partners - instead of specified remuneration in the partnership deed, it is linked to provisions of section 40(b)(v) income tax Act, 1961 - deduction allowed

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