Deduction of premium written off on Govt. Securities - discount ...

Government Securities: Premium and Discount Deductions Allowed as Expenses, Must Be Spread Over Security Period.

April 3, 2015

Case Laws Income Tax AT

Deduction of premium written off on Govt. Securities - discount on bonds and premiums on redemptions of debentures are allowable as expense proportionately spread over the period of security. - AT

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Deduction of premium written off on Govt. Securities - discount ...

Government Securities: Premium and Discount Deductions Allowed as Expenses, Must Be Spread Over Security Period.

April 3, 2015

Case Laws Income Tax AT

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