Menu
CONCEPT OF MUTUALITY
what is the concept of mutuality?
Replies (2)
Jhlr$iro$b_
Mutuality is based on common law principles.
it's basis is that a person cannot make a profit from himself/herself.
Amount received from oneself can not be regarded as income so as to be liable to tax.
it's basis is that a person cannot make a profit from himself/herself.
Amount received from oneself can not be regarded as income so as to be liable to tax.
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
10 October 2026
Accounts Associate Level 1
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
CCI
Pro
CAclubindia
