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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Deduction of interest incurred on zero coupon bonds u/s ...


Interest on Zero Coupon Bonds Allowed as Deduction Under Income Tax Act Sections 36(1)(iii) and 57(iii.

December 24, 2019

Case Laws     Income Tax     AT

Deduction of interest incurred on zero coupon bonds u/s 36(1)(iii) OR u/s 57(iii) as claimed by the appellant - interest expenditure in respect of opening balance of amount advanced is to be allowed.

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