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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

The ‘upfront fee’ paid to Central Bank of India on loan taken ...


Central Bank of India Loan Upfront Fee is Tax-Deductible from Assessee's Income.

June 27, 2016

Case Laws     Income Tax     AT

The ‘upfront fee’ paid to Central Bank of India on loan taken from it is allowable as a deduction from the assessee’s income. - AT

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