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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Addition on account of interest paid on share application money ...

Income Tax

October 26, 2017

Addition on account of interest paid on share application money - nature of expenses - revenue or capital - the amount received is for the requirements of working capital as the amount so received has been invested in the business of shares - treated as revenue expenditure.

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