Court Rules Interest Deductions Apply Equally to Capital and Revenue Assets, Clarifying Borrowed Capital Use for Projects.

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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X