In case of banks, the premium paid in excess of face value of ...

Banks can amortize HTM investment premiums as revenue expenditure per RBI and CBDT guidelines.

January 17, 2014

Case Laws Income Tax AT

In case of banks, the premium paid in excess of face value of investments classified under HTM category which has been amortised over the period till maturity is allowable as revenue expenditure since the claim is as per RBI Guidelines and CBDT also has directed to allow such premium - AT

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In case of banks, the premium paid in excess of face value of ...

Banks can amortize HTM investment premiums as revenue expenditure per RBI and CBDT guidelines.

January 17, 2014

Case Laws Income Tax AT

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