Allow ability of discount charges in respect of debentures ...

Income Tax

April 9, 2012

Allow ability of discount charges in respect of debentures issued by the assessee while computing income from house property - the difference between the issue price and maturity value has to be spread over the debenture holding period and only proportionate amount can be allowed as deduction in a particular year. - AT

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Allow ability of discount charges in respect of debentures ...

Income Tax

April 9, 2012

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