Section 28 of ITA, 1961 : Section 28: Profits And Gains Of Business Or Profession

ITA, 1961

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Explanation using Example

Let's say Ravi runs a software development company, and during the financial year, his company earns a profit from providing software solutions to clients. According to Section 28 of the Income-tax Act, 1961, Ravi's company's profits would be taxable under the head "Profits an...

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Explanation using Example

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