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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Deduction u/s 80-IB - netting off of interest - assessee has ...

Case Laws     Income Tax

June 1, 2019

Deduction u/s 80-IB - netting off of interest - assessee has purchased the FDRs from the cash credit accounts on which it has paid interest which can proved from the statement of account issued by the Canara Bank and SBI, the interest earned on the FDRs is eligible to be set off from/against interest paid on cash credit account

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