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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

No disallowance u/s 40(a)(i) can be made on the payment of ...

Case Laws     Income Tax

July 5, 2014

No disallowance u/s 40(a)(i) can be made on the payment of interest paid to the head office / overseas branches as the same is not taxable, being payment to self on the ground of principles of mutuality and no TDS was required to be deducted - AT

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