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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Taxability of Interest paid by the branch (PE) in India to its ...

Income Tax

August 16, 2018

Taxability of Interest paid by the branch (PE) in India to its parent foreign bank in Japan - Deduction of interest so paid as expenditure - the interest income received by the head office of the assessee bank would not be chargeable to tax in India - Allowed as deduction in the hands of branch as business expenditure.

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