Interest income from loans - accrual of interest - in the year ...

Income Tax

September 12, 2012

Interest income from loans - accrual of interest - in the year under appeal in which the borrowing companies were making handsome profits - held as taxable - HC

View Source

← Previous Next →

Interest income from loans - accrual of interest - in the year ...

Income Tax

September 12, 2012

You may also like:

Interest u/s 36(1)(iii) - Loans borrowed for expansion of business - Net unit established - Interest paid on the loan will have to be treated as revenue in nature - HC

Rental income - Deduction u/s 24(b) - interest paid on the amount borrowed - the loan was not borrowed for the impugned Flat No.11. Assessee had claimed that the loan...

Disallowance of interest u/s. 36(1)(iii) - loan borrowed for the purpose of settling outgoing partners’ capital account - The settlement of capital account of outgoing...

Deduction of Interest paid in respect of capital borrowed for the projects - no distinction can be made between the money borrowed for acquiring capital asset or revenue asset - HC

Addition u/s 36(1)(iii) - deduction towards interest paid on loans borrowed for business purposes - Merely for the reason that there is no rental payment for current...

Netting of interest-unless funds are borrowed for making deposit to earn interest, such interest paid can't be allowed as deduction from interest income u/s 57

Long Term Capital gain computation - interest capitalized to cost of asset - It is not in dispute that the property was acquired by a borrowed capital initially borrowed...

Accrual of income - Income from advance license benefit - income does not accrue in the year of export but in the year in which the imports are made - HC

External Commercial Borrowings (ECB) – Repayment of Rupee loans - Circular

Disallowance of proportionate interest u/s 36 (1) (iii) - when assessee had sufficient funds, why should it depend on borrowed funds. In any case, if at a given point of...

Quick Updates: