Non compete fees
This query is : Resolved
08 February 2013
whether Non compete fees paid to a partner taxable as income from capital gains or " Business & Profession " ??
thanx in advance
thanx in advance
08 February 2013
Refer 28(va) of IT Act. It is taxable under Income from Business / Profession.
09 February 2013
thnk u sir...
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