Partners, Profits, Interest and Remuneration under Section 10AA

CA Divyajeet Singh Sabharwal , Last updated: 16 January 2024  
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Imagine partnership firm, buzzing with activity and generating healthy profits. However, when tax season rolls around, a seemingly straightforward calculation takes an unexpected turn. The firm claims deduction under Section 10AA, a tax benefit for small businesses. But the tax authorities raise an

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Published by

CA Divyajeet Singh Sabharwal
(Accounts and Finance Analyst)
Category Income Tax   Report

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