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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

De-recognized interest on accrual basis on Non-Performing assets ...


Interest from NPAs to be recorded only on receipt, aligning with case law and tax guidelines.

January 17, 2013

Case Laws     Income Tax     AT

De-recognized interest on accrual basis on Non-Performing assets (NPA) - interest income from NPAs should be recognised only on actual receipt. - AT

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