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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Claim of interest on share capital - interest paid on share ...


Interest Paid on Share Capital Reduces Member Interest, Not Society's Profit.

November 30, 2015

Case Laws     Income Tax     AT

Claim of interest on share capital - interest paid on share capital goes to reduce the interest collected by the Society from its Members and it would not form part of profit. - AT

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