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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Allowance of discount on issue of debenture as expenditure – ...


Discount on Debenture Issuance Recognized as Business Expenditure Under Income Tax Rules.

November 2, 2013

Case Laws     Income Tax     AT

Allowance of discount on issue of debenture as expenditure – the same is for the business/commercial expediency and hence is allowable expenditure. - AT

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