Income from other sources - Interest expense allowance against ...

Interest expenses on bank loans for FDRs used as security and guarantees to NSC deductible against interest income.

April 16, 2020

Case Laws Income Tax AT

Income from other sources - Interest expense allowance against interest income - the interest expense accrued in favour of various banks on the money borrowed for the purpose of FDRs for security and also for bank guarantees to NSC. - Adjustments allowed - AT

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Income from other sources - Interest expense allowance against ...

Interest expenses on bank loans for FDRs used as security and guarantees to NSC deductible against interest income.

April 16, 2020

Case Laws Income Tax AT

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