INTEREST ON LOAN

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..... INTEREST ON LOAN
Query (Issue) Started By: - Shipra Agarwal Dated:- 20-7-2016 Last Reply Date:- 8-9-2016 Income Tax
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Income Tax
Whether the interest payment for the unused leas .....

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..... ehold 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. I .....

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..... s there any case law relating to it? Reply By MARIAPPAN GOVINDARAJAN: The Reply: It is revenue expenditure.
Discussion Forum - Knowledge Sharing .....

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