TMI BlogAddition u/s.41(1) - waiver of loan as taxable u/s.41(1) - The loan received is a capital receipt and it...Addition u/s.41(1) - waiver of loan as taxable u/s.41(1) - The loan received is a capital receipt and it does not lose its capital nature even when it is renounced or waived by the lender. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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