Interest expenditure could be allowed only if the loan was ...

Income Tax

September 11, 2018

Interest expenditure could be allowed only if the loan was borrowed for the purpose of the business of the assessee and if it is used for the purchase of an asset which yielded exempted income, that interest expenditure cannot be allowed u/s. 36(1)(iii) of the Act.

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Interest expenditure could be allowed only if the loan was ...

Income Tax

September 11, 2018

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