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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Bad debts / business loss - The loans given to staff has been ...


Employee Loan Write-Offs Allowed as Business Loss Deduction After Merchant Banking Business Transfer, Says Tax Law.

May 25, 2013

Case Laws     Income Tax     AT

Bad debts / business loss - The loans given to staff has been written off since the same are irrecoverable in view of transfer of the merchant banking business. - deduction allowed - AT

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