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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

On occasions when the company left with surplus business funds, ...


Company's Short-Term Loans and Deposits Taxed as Business Profits Under Business Gains Tax Rules.

December 12, 2013

Case Laws     Income Tax     AT

On occasions when the company left with surplus business funds, which were deployed in making short-term inter-corporate deposits and loans and advances - net of the interest to be taxed under the head profits and gains of business - AT

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