https://www.taxtmi.com/acts?id=48632 The amendment treats a firm's returned and assessed income for previous years within the block period as income determined before allowing deductions for salary, interest, commission, bonus or other remuneration, effective from 1 July 1995, and provides that any undisclosed income of the firm so determined shall not be chargeable to tax in the hands of the partners whether on allocation or on account of enhancement. en-us Wed, 12 Feb 2025 17:07:42 +0530 Wed, 12 Feb 2025 17:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48632 The amendment treats a firm's returned and assessed income for previous years within the block period as income determined before allowing deductions for salary, interest, commission, bonus or other remuneration, effective from 1 July 1995, and provides that any undisclosed income of the firm so determined shall not be chargeable to tax in the hands of the partners whether on allocation or on account of enhancement. Act-Rules F. Acts / Amendment Acts Wed, 12 Feb 2025 17:07:42 +0530 https://www.taxtmi.com/acts?id=48632