TAX UPDATES: Chit fund satisfies the principle of mutuality and the transactions of the participators do not give rise to any taxable income or allowable loss - Soda Silicate vs CIT 179 ITR 588 - Kanga and Palkhiwala - 2014 edition - page 678 .

Friday, 25 September 2015

Chit fund satisfies the principle of mutuality and the transactions of the participators do not give rise to any taxable income or allowable loss - Soda Silicate vs CIT 179 ITR 588 - Kanga and Palkhiwala - 2014 edition - page 678 .

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