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Income Tax - Highlights / Catch Notes

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Interest paid to ICICI and IDBI band on funds utilized to make ...


Interest Paid on Bank Loans for FDRs is Deductible Against Interest Income u/s 57(iii.

January 6, 2016

Case Laws     Income Tax     HC

Interest paid to ICICI and IDBI band on funds utilized to make the impugned FDRs is an allowable deduction under section 57(iii) against the interest income on such FDRs - HC

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