Section 41: Deemed Profits

Ritik Chopra , Last updated: 18 August 2021  
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In this article, I have discussed deemed profits under the head PGBP. The following are the points related to deemed profits: (i) Deductions allowed earlier but recovered later on [Section 41(1)] The Finance Act 1992 has substituted the sub-section 41(1) by the following with effect from asses

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Ritik Chopra
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Category Income Tax   Report

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