Interest and Partner Remuneration Excluded from Profits for Section 10B Exemption Eligibility Under Income-tax Act.

Interest and Partner Remuneration Excluded from Profits for Section 10B Exemption Eligibility Under Income-tax Act. https://www.taxtmi.com/highlights?id=14630 Exemption u/s 10B - inflated profits - The Assessing Officer has correctly worked out interest on capital and remuneration payable to partners and excluded them from the overall profits of business for working out the profits eligible for exemption u/s 10B of the Income-tax Act. - AT en-us Fri, 20 Sep 2013 10:43:25 +0530 Fri, 20 Sep 2013 10:43:25 +0530 TaxTMI RSS Generator Interest and Partner Remuneration Excluded from Profits for Section 10B Exemption Eligibility Under Income-tax Act. https://www.taxtmi.com/highlights?id=14630 Exemption u/s 10B - inflated profits - The Assessing Officer has correctly worked out interest on capital and remuneration payable to partners and excluded them from the overall profits of business for working out the profits eligible for exemption u/s 10B of the Income-tax Act. - AT Highlights Income Tax Fri, 20 Sep 2013 10:43:25 +0530 https://www.taxtmi.com/highlights?id=14630