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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Accrual of interest on refundable share application money - ...


Interest on Share Application Money Taxable in Assessment Year 1993-1994, Not in 1992-1993.

September 19, 2015

Case Laws     Income Tax     SC

Accrual of interest on refundable share application money - selection of assessment year - interest income has accrued only in the Assessment Year 1993-1994 and was taxable in that year only and not in the Assessment Year 1992-1993 - SC

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