Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Income Tax This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

Treatment of waiver of loan by bank, Income Tax

Issue Id: - 116790
Dated: 14-10-2020
By:- Rakesh Bansal

Treatment of waiver of loan by bank


  • Contents

What should be the treatment of waiver principal and interest of term loan sought by charitable society(registered under section 12A) , keeping in view the provision of section 11(1) of the Income Tax Act, 1961.

Posts / Replies

Showing Replies 0 to 0 of 0 Records

No Post / Reply found for this query

Old Query - New Comments are closed.

Quick Updates:Latest Updates