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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Interest paid on a borrowed capital for acquiring land - ...

Income Tax

November 2, 2018

Interest paid on a borrowed capital for acquiring land - expenditure before Commencement of busniss - The process of conversion of the land and then getting the approval of the site plan establishes that the assessee has already set up its business - claim of expenditure allowed.

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