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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Deferred revenue income - Capital Contribution from the members ...

Case Laws     Income Tax

February 27, 2019

Deferred revenue income - Capital Contribution from the members for setting of effluent - spread the capital contribution received over a period of five years beginning from the year in which such contributions were received initially - taxability of 1/5th of the amount is affirmed.

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