TMI BlogInterest on Loans for Share Investments Deductible Under Income Tax Act Section 57(iii.Disallowance of interest expenditure under section 57(iii) - the interest expenditure on the borrowed amount used for the purpose of investment in the shares is an allowable deduction under section 57(iii) - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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