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Home Highlights November 2017 Year 2017 This

Finance Minister Debunks Myths on Loan Waivers to Capitalists, Stresses Transparency and Fair Financial Support Policies.


Finance Minister Debunks Myths on Loan Waivers to Capitalists, Stresses Transparency and Fair Financial Support Policies.

November 29, 2017

News     Indian Laws

Article by the Union Finance Minister on ‘The Fiction of Loan Waiver to Capitalists’

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  8. Assessee's case remanded to Assessing Officer to consider taxability of loan waiver under One Time Settlement Scheme with bank. If loan was for trading purpose, waiver...

  9. Waiver of capital loan under OTS is not taxable as revenue receipt u/s 28

  10. Addition for the Term Loan taken waiver of secured loan - when the assessee had not claimed deduction under Section 36(1)(iii) of the Act for interest on loan and loan...

  11. Taxability of Waiver of loan - loan advanced for acquisition of capital equipments - Revenue's first contention that the loan waived was availed towards working capital...

  12. Additions u/s 41 (deemed incomed) - waiver of loan - Floating Rate Notes - To be treated as loan for business purpose or for purchase of capital asset - AO has mentioned...

  13. Addition u/s. 28(iv) - waiver of loan - value of benefit arising from business of the assessee - the assessee has received loan from certain parties for the purpose of...

  14. Waiver of loan amount - when a portion of the loan is waived, the total amount of loan shown on the liabilities side of the balance sheet is reduced and the amount shown...

  15. Addition u/s. 28(iv) - waiver of the outstanding principal amount of loan - amount used for the purchase of capital asset, the waiver thereof is a capital receipt not...

 

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