Claim of interest on share capital - interest paid on share ...

Income Tax

November 30, 2015

Claim of interest on share capital - interest paid on share capital goes to reduce the interest collected by the Society from its Members and it would not form part of profit. - AT

View Source

← Previous Next →

Claim of interest on share capital - interest paid on share ...

Income Tax

November 30, 2015

You may also like:

Real income - co-operative society - The interest paid on the share capital goes to reduce the interest collected by the society from its members and it did not form...

IT - Co.operative society - the amount paid by the assessee as "interest on share capital", in the instant year, goes to reduce the gross interest collected by it from...

Share application money cannot be equated with share capital and interest paid on share application money pending its allotment is allowable as revenue expenditure

Nature of incentive subsidy - Capital or revenue receipt - subsidy on the purchase of generator set - the same is capital subsidy and should go on to reduce the cost of asset - AT

Addition u/s 56(2)(viia) - buy back of its own shares - The fact remains that the factum of extinguishment of the purchased shares by reducing the paid up capital of the...

Issue of taxability of surplus on sale of shares and securities - Capital Gains or Business Income - Instructions in order to reduce litigation - Circular

Concept of mutuality - Payment of interest / compensation to the members - The very fact that bylaws of the assessee-society contained the provisions that payment of...

Interest paid to partners disallowed - The assessee has not furnished any evidence with reference to advancement of capital - claim of interest u/s 40(b) cannot be allowed - AT

Interest received on short term deposits - income being the amount invested temporarily in short term deposits out of advance towards equity share capital by promoters...

Disallowance of Interest – inter-corporate deposit - currency swap arrangement with the Bank to reduce the burden of the interest cost - assessee has not made any...

Quick Updates: