Interest on borrowed fund - revenue expenditure

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..... Interest on borrowed fund - revenue expenditure
Query (Issue) Started By: - S.C.GUPTA Dated:- 19-2-2008 Last Reply Date:- 25-2-2008 Income Tax
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Income Tax
An existing private l .....

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..... imited company in transportation business wants to acqire another pvt.ltd. company doing tansportation business by utilising funds borrowed for this purpose. Whether interest paid on such borrowed fun .....

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..... ds is an allowable revenue expenditure under Income Tax Act. Reply By Surender Gupta: The Reply: There are number of contradictory judgments are available. Only a careful study would help to find a s .....

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..... uitable solution.
Discussion Forum - Knowledge Sharing .....

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