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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Segregation of the surrendered income from business income - ...


Court Rules Surrendered Income Can Be Taxed Separately from Business Income, Disallowing Loss Offset u/ss 70 and 71.

January 22, 2013

Case Laws     Income Tax     HC

Segregation of the surrendered income from business income - surrendered income can be taxed as deemed income without setting off of the losses u/s 70 & 71 - HC

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