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Non compete fees

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(Querist)
08 February 2013 whether Non compete fees paid to a partner taxable as income from capital gains or " Business & Profession " ??

thanx in advance
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
08 February 2013 Refer 28(va) of IT Act. It is taxable under Income from Business / Profession.
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Jigar Gadhwala

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Jigar Gadhwala (Querist)
09 February 2013 thnk u sir...
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