Amount of repayment - deductiblility in computing the income in ...

Tax Deductibility: Repayment Amounts Can Be Claimed When Fixed Deposit Receipt is Received, Aligns with Case Law.

May 2, 2016

Case Laws Income Tax HC

Amount of repayment - deductiblility in computing the income in the year of receipt - Once it is clear that the liability arose on the date of the contract but what was postponed was only the payment, there is no escape from the conclusion that the assessee can claim the expenditure in the year of Fixed Deposit Receipt. - HC

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Amount of repayment - deductiblility in computing the income in ...

Tax Deductibility: Repayment Amounts Can Be Claimed When Fixed Deposit Receipt is Received, Aligns with Case Law.

May 2, 2016

Case Laws Income Tax HC

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