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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Deduction of interest u/s 94B shall exclude certain class of ...


Interest Deduction u/s 94B Now Excludes Specific Non-Banking Financial Companies Previously Defined as Banking Units.

February 3, 2023

Notes     Income Tax

Deduction of interest u/s 94B shall exclude certain class of NBFC as specified which were included in the definition of banking units earlier.

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