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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Hundi Discounting charges - interest paid for the purpose of or ...


Hundi Discounting Charges Deemed Interest; Deductible in Year Liability Arises Under Income Tax Case Law.

April 30, 2015

Case Laws     Income Tax     HC

Hundi Discounting charges - interest paid for the purpose of or in the course of carrying on business is allowable in the year in which the liability arose. - HC

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