Interest Expenses for Capital Asset Advances Post-April 2004 Non-Deductible for Income Tax, Per Case Law Updates.

Disallowance of interest on advances given for capital assets - after 1.4.2004 if the interest expenditure has been incurred for the purpose of acquisition of capital asset then the same is not allowable - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X