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Income Tax - Highlights / Catch Notes

Home Highlights October 2011 Year 2011 This

Interest on borrowing to shareholders are deductible expenditure ...


Interest on Loans from Shareholders Deductible u/s 36(1)(iii) of Income Tax Act, Reducing Taxable Income.

October 13, 2011

Case Laws     Income Tax     AT

Interest on borrowing to shareholders are deductible expenditure u/s 36(1)(iii) as interest on borrowed capital.... - AT

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