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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Nature of income - Interest earned on margin money - The margin ...


Interest on Margin Money for Business Loan Not Taxable Income, Says Court Ruling.

April 17, 2014

Case Laws     Income Tax     HC

Nature of income - Interest earned on margin money - The margin money from which the interest was earned was placed for the purpose of taking the loan - The loan was given for the purpose of expansion - income not taxable - HC

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