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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Disallowance u/s 43B - deduction of certain expenditure only ...

Case Laws     Income Tax

August 2, 2018

Disallowance u/s 43B - deduction of certain expenditure only after actual payments - With regard to interest paid to HDFC Bank, in our view, HDFC Bank is not public financial institution. It is only private sector Bank. Interest paid to HDFC is outside the purview of section 43B.

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