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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Discounting the maturity value of loan portfolio on assignment ...


Future Interest from Loan Assignments Taxable Upon Receipt, Not Deferred to Future Years.

February 26, 2015

Case Laws     Income Tax     AT

Discounting the maturity value of loan portfolio on assignment to commercial banks - amount of discounted future interest received by assessee during the year is taxable in the year - AT

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