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Sum paid to clear mortgage can’t be held as exp. incurred in connection with transfer under sec. 48

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  • Sum paid to clear mortgage can’t be held as exp. incurred in connection with transfer under sec. 48
Posted onon December 9, 2015

Tenet Tax Daily November 26 2015

By tenettax-team
Corporate Tax

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Advance received by lawyers on legal matters can’t be treated as income till completion of case
Sum received by Irish Co. for providing online access to its e-learning products in India is taxable as royalty

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