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the 220000 will not be deducted form 552500 as it was in the same year.the rule is to deduct GCT of previous seven years and it was made nov 2011 just six months back.two marks will be deducted.
any body know whether 220000 gift was given before march 2011 or after it.it is confirm that it is in 2011 but i want to know the date
it means annual value is the rent that the employer would get in the open market if he would have let it.is it okay
