Allow ability of discount charges in respect of debentures ...

Taxpayer Can Deduct Proportionate Discount on Debentures Over Holding Period for House Property Income Calculation.

April 9, 2012

Case Laws Income Tax AT

Allow ability of discount charges in respect of debentures issued by the assessee while computing income from house property - the difference between the issue price and maturity value has to be spread over the debenture holding period and only proportionate amount can be allowed as deduction in a particular year. - AT

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Allow ability of discount charges in respect of debentures ...

Taxpayer Can Deduct Proportionate Discount on Debentures Over Holding Period for House Property Income Calculation.

April 9, 2012

Case Laws Income Tax AT

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