Broken period interest paid to the sellers of the securities - ...

Interest on Broken Period for Securities as Stock-in-Trade is Allowable Expense for Banks: Revenue vs. Capital Impact.

January 5, 2013

Case Laws Income Tax AT

Broken period interest paid to the sellers of the securities - revenue v/s capital - if the securities were held by the banking company as stock-in-trade of the business, interest paid for the broken period would constitute allowable outgo in the hands of the assessee bank. - AT

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Broken period interest paid to the sellers of the securities - ...

Interest on Broken Period for Securities as Stock-in-Trade is Allowable Expense for Banks: Revenue vs. Capital Impact.

January 5, 2013

Case Laws Income Tax AT

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