Real income - co-operative society - The interest paid on the ...
Case Laws Income Tax
August 2, 2016
Real income - co-operative society - The interest paid on the share capital goes to reduce the interest collected by the society from its members and it did not form part of the profit. The making provision for the payment of interest on the share capital and paying the interest on the share capital will not make any change in the application of law - AT
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