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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Addition of notional interest – accrual of interest - ...


Tax Interest Accrual: Consider CBDT Circulars, Tax Only Upon Collection, Citing Income Tax Case Laws.

September 10, 2014

Case Laws     Income Tax     AT

Addition of notional interest – accrual of interest - uncertainties exist - The relevant circulars of the Central Board of Direct Taxes cannot be ignored - interest can be taxed when collected - AT

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