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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Interest expenditure which is otherwise allowable deduction u/s ...

Income Tax

February 7, 2015

Interest expenditure which is otherwise allowable deduction u/s 36(1)(iii) but deffered as per the provisions of section 43B cannot be disallowed because of the reason that the payment is not in cash but by issuance of share capital. - AT

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