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Ms Priyanka Kataria
On 12/21/18, 2:35 AM

Penalty is 150% of tax evaded (Maximum) in case of partnership firm , if profits are not distributed as per partnership deed  and thereby any partner returned his income below the real income S:271(4).


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Asked: 12/21/18, 2:34 AM
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Last updated: 2/2/19, 1:18 AM