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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Even if the income from other sources is included in the profit ...


Income from Other Sources Must Be Included in Profit Calculation for Partner Remuneration under Book-Profit Rules.

August 5, 2012

Case Laws     Income Tax     HC

Even if the income from other sources is included in the profit and loss accounts to ascertain the net profit qua book-profit for computation of the remuneration of the partners the same cannot be discarded. - Tri

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