Disallowance of interest paid on loans taken from family members ...

Interest on Family Loans at 18% Annually Deemed Reasonable Under Income Tax Act Section 40A(2.

November 8, 2013

Case Laws Income Tax AT

Disallowance of interest paid on loans taken from family members u/s.40A(2) - Interest paid at the rate of 18% per annum on unsecured loans during the relevant period cannot be said to be excessive or unreasonable - AT

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Disallowance of interest paid on loans taken from family members ...

Interest on Family Loans at 18% Annually Deemed Reasonable Under Income Tax Act Section 40A(2.

November 8, 2013

Case Laws Income Tax AT

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