Interest paid on loan from directors - At the same time, a huge ...

Court Disallows Interest on Director Loan Due to High 20% Rate and Lack of Commercial Expediency Efforts.

March 1, 2013

Case Laws Income Tax HC

Interest paid on loan from directors - At the same time, a huge amount has been borrowed @ 20% interest. No attempt was made to reduce the said borrowing. - No Commercial expediency - claim of interest disallowed - HC

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Interest paid on loan from directors - At the same time, a huge ...

Court Disallows Interest on Director Loan Due to High 20% Rate and Lack of Commercial Expediency Efforts.

March 1, 2013

Case Laws Income Tax HC

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