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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Computation of salary of partners u/s 40(b)(v) – Even if the ...

Case Laws     Income Tax

December 10, 2012

Computation of salary of partners u/s 40(b)(v) – 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. - AT

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