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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.
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