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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Expenditure on FCCB and debenture issue - The expenses in ...


Foreign Currency Convertible Bond and debenture issuance costs are tax-deductible; QIB expenses eligible u/s 35D.

August 25, 2015

Case Laws     Income Tax     AT

Expenditure on FCCB and debenture issue - The expenses in connection with public issue of shares or debentures of the company are allowable - QIB expenditure can be treated as revenue expenditure and eligible for deduction under section 35D - AT

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