Friday, March 22, 2019

Sum received by partner on retirement from firm is exempt from tax: ITAT

IT: Share of capital along with accrued profit, goodwill, brokerage/commission and payment made to assessee in realisation of his share in net value of assets of firm on his retirement are not liable to be taxed as capital gains and also under section 28(v)

from www.taxmann.com Latest Case Laws https://ift.tt/2WdZsIh
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...