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INTEREST ON LOAN, Income Tax

Issue Id: - 110662
Dated: 20-7-2016
By:- Shipra Agarwal

INTEREST ON LOAN

Contents

Whether the interest payment for the unused leasehold land in the partnership firm is to be capitalised or is a revenue expenditure? The land ia idle and there is no any use of it and also it is not kept aside for any specific project or purpose. Is there any case law relating to it?

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 8-9-2016
By:- MARIAPPAN GOVINDARAJAN