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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