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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Disallowance of amortization of premium on investment in ...


Amortization of Premium on HTM Government Securities Allowed as Deduction per RBI Norms.

November 29, 2015

Case Laws     Income Tax     AT

Disallowance of amortization of premium on investment in Government Securities Held to Maturity (HTM) - amortization on purchase of Government securities was made as per prudential norms of the RBI and same was allowable deduction - AT

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