Superannuation Contribution for Promoter Managing Director Deemed Business Expense; Tax Deducted as Part of Salary.
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....Superannuation contribution in respect of a promoter Managing Director - it is exclusively incurred for the purpose of business - assessee has deducted tax at the time of making contribution to the superannuation fund and has treated it as part of salary of the concerned directors - No addition - AT....
TaxTMI