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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Dis-allowance u/s 40A(2)(b) - salary payment to nephew who was ...


Tax Addition Deleted: Section 40A(2)(b) Allows Salary for Nephew in Part-Time Studies, No Prohibition Found.

September 11, 2012

Case Laws     Income Tax     AT

Dis-allowance u/s 40A(2)(b) - salary payment to nephew who was studying also - If any person is working, he can at the same time, continue his study also in part time, and there is no bar in studying part time. Addition made deleted - AT

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