CA Terminal
One-Stop Update Destination
Monday, 7 April 2014
Sums received in excess of capital account of retiring partner were capital receipts and not busines
IT: Additional amounts paid to retiring partners in excess of the capital account are not in nature of any profit or income; hence not taxable
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment