Menu
Section 41 Income Tax Act
is deduction is allowed in section 41 for remission of liability?
Replies (2)
Quick Summary
Remission means you need not to pay someone, i.e., you've gained some amount.
There is no question of allowing this gain as a deduction. Instead, this gain is charged to tax.
Agree with manish
Recent Topics :
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
Related Topics :
CAclubindia
