Provisions of section 40(b) of Income Tax Act 1961

Amit Bajaj , Last updated: 10 February 2011  
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.style1 { font-size: medium; } Section 40(b) of Income Tax Act places some restrictions and conditions on the deductions of expenses available to an assessee assessable as a partnership firm in relation to the remuneration and interest payable to the partners of such firm. The

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Published by

Amit Bajaj
(Tax Attorney)
Category Income Tax   Report

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