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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Computation of Capital gains - amount received on retirement ...


Retirement Payouts Exceeding Partnership Capital Account Credited Amounts Taxed as Capital Gains.

July 12, 2019

Case Laws     Income Tax     AT

Computation of Capital gains - amount received on retirement from a partnership - excess paid over and above the sum standing to the credit of the capital account of the Assessee is taxable as as capital gain

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