Nature of income - Interest earned on margin money - The margin...
Interest on Margin Money for Business Loan Not Taxable Income, Says Court Ruling.
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Income TaxApril 17, 2014Case LawsHC
Nature of income - Interest earned on margin money - The margin money from which the interest was earned was placed for the purpose of taking the loan - The loan was given for the purpose of expansion - income not taxable - HC