Taxability of interest on non-performing assets (NPA) u/s 43D - ...

Interest on NPAs u/s 43D is only taxable when received, not accrued, aligning with established case law.

March 22, 2019

Case Laws Income Tax HC

Taxability of interest on non-performing assets (NPA) u/s 43D - Interest received during the year - when it accrued, was exempt but interest income was embedded in the profit / loss account - subsequently can't be bring in tax net u/s 43D.

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Taxability of interest on non-performing assets (NPA) u/s 43D - ...

Interest on NPAs u/s 43D is only taxable when received, not accrued, aligning with established case law.

March 22, 2019

Case Laws Income Tax HC

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