Tax liability towards Interest on Income Tax Refund - The ...

Income Tax

June 8, 2020

Tax liability towards Interest on Income Tax Refund - The argument of the assessee is that since interest paid u/ss.234B, 234C &. 234D is not allowable as a deduction from taxable income, interest received should also not be taxed as income. - This argument is not acceptable.

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Tax liability towards Interest on Income Tax Refund - The ...

Income Tax

June 8, 2020

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