Legal Articles Principle of Mutuality under Income Tax Act January 27, 2021 by Shivangi Dube | Leave a Comment Introduction No man can make a profit out of himself; this principle is named as the principle of mutuality, which is extended to a group of persons in respect of dealings among themselves. This principle basically offers a tax shelter to certain entities, as far as they form a mutual association with their income that […] Read more ยป Important tests of existence of mutuality Mutual organization and mutual concern Principle of mutuality and co-operative societies Principle of Mutuality under Income Tax Act Taxation of Transfer charge
