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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Interest accrued on NPA - whether non-performing assets in the ...


Cooperative Banks: Interest on NPAs Taxable Only When Received, Not on Accrual Basis.

November 9, 2018

Case Laws     Income Tax     HC

Interest accrued on NPA - whether non-performing assets in the hands of the assessee- Cooperative Banks is taxable on accrual basis or not? - interest on NPA's is taxable in the year of receipt.

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