https://www.taxtmi.com/acts?id=50634 Amendment to the Income tax Act modifies the statutory treatment of certain receipts under section 28 by removing Explanation 1, which had treated any interest, salary, bonus, commission or remuneration received by a partner from the firm as falling within the specified clause, thereby altering the statutory articulation of how such payments are classified under that provision. en-us Mon, 14 Apr 2025 17:23:17 +0530 Thu, 24 Jul 2025 11:41:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50634 Amendment to the Income tax Act modifies the statutory treatment of certain receipts under section 28 by removing Explanation 1, which had treated any interest, salary, bonus, commission or remuneration received by a partner from the firm as falling within the specified clause, thereby altering the statutory articulation of how such payments are classified under that provision. Act-Rules F. Acts / Amendment Acts Mon, 14 Apr 2025 17:23:17 +0530 https://www.taxtmi.com/acts?id=50634