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Income Tax - Highlights / Catch Notes

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Remuneration to partners u/s 40(b) - assessee has claimed ...


Deduction for Partner Remuneration u/s 40(b) Allowed, Including Interest from FDR Investments.

October 17, 2022

Case Laws     Income Tax     AT

Remuneration to partners u/s 40(b) - assessee has claimed deduction on account of remuneration paid to partners, even in respect of interest income on investment in FDRs etc. - Claim of the assessee cannot be denied - AT

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