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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Addition of interest received under the head “Income from other ...


Taxpayers Can Offset Interest if Link Between Loan Received and Loan Advanced is Proven Under Income Tax Rules.

May 26, 2016

Case Laws     Income Tax     AT

Addition of interest received under the head “Income from other sources” - If the assessee is successful in establishing the link between the loan amount received by the assessee and the loan advanced, the assessee shall be entitled to the benefit of netting off of interest amount - AT

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