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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

The hire charges received by the assessee under the hire ...


High Court Rules Hire Charges in Hire Purchase Agreements are Taxable as Interest under Interest Tax Act, 1974.

May 8, 2014

Case Laws     Income Tax     HC

The hire charges received by the assessee under the hire purchase agreement is an interest on loan and liable to tax under Interest Tax Act, 1974 - HC

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