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diversion of income

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(Querist)
28 July 2008


What is the meaning of diversion of income in brief but it should include all details?
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
28 July 2008




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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
28 July 2008 Diversion of income in the context of Income Tax may be said to be the act of an assessee to transfer its taxable income whether directly or indirectly in the hands of anoyher with intention to avoid tax incidence.
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