Long term financing - benefit of section 36(1)(viii) - inclusion ...

Section 36(1)(viii) Income Tax Act: Income Must Be Directly from Long-Term Finance Business to Qualify for Benefits.

August 1, 2012

Case Laws Income Tax AT

Long term financing - benefit of section 36(1)(viii) - inclusion in the profit and gains - a) Interest on Bank deposits, b) Interest on advances / deposits, c) Dividend on investments, d) Misc. receipts - condition in the Section that the income should be “derived from” the business of providing long-term finance was not satisfied - AT

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Long term financing - benefit of section 36(1)(viii) - inclusion ...

Section 36(1)(viii) Income Tax Act: Income Must Be Directly from Long-Term Finance Business to Qualify for Benefits.

August 1, 2012

Case Laws Income Tax AT

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