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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Taxability of interest on sticky loans - Interest on such loans ...


High Court Rules Interest on Sticky Loans Taxable Upon Realization, Not Accrual, Affecting Income Tax Treatment.

January 2, 2014

Case Laws     Income Tax     HC

Taxability of interest on sticky loans - Interest on such loans would have to be accounted for and paid as and when it is realised - HC

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