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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Any interest paid on the capital borrowed for the purpose of ...

Income Tax

December 21, 2013

Any interest paid on the capital borrowed for the purpose of business or profession has to be allowed as deduction u/s 36(1)(iii) - Provisions of section 37(1) are not applicable in respect of interest on the capital borrowed for business purpose - AT

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