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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Allowability of redemption premium on debentures - liability ...


Debenture Redemption Premium Recognized as Allowable Liability; Costs Allocated Over Debenture Period for Tax Purposes.

April 5, 2019

Case Laws     Income Tax     HC

Allowability of redemption premium on debentures - liability incurred by the assessee to discharge the liability covered by the debentures at premium is in the year of issuance hence, has to be spread over the period covered by debentures

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