TMI BlogTaxability of Notional interest - Deposit/advance made to certain parties - The availability of interest...Taxability of Notional interest - Deposit/advance made to certain parties - The availability of interest free funds in the hands of assessee by way of Capital Account is not disputed and in such circumstances, no notional interest is taxable. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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