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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Disallowance of interest on advances given for capital assets - ...


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

August 10, 2013

Case Laws     Income Tax     AT

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

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