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Tax in India

ॐ असतो मा सद्गमय

Posted on October 12, 2017February 27, 2018 by abhishek

Assessee is entitled to deduction of interest payable by him on capital charge only and not additional interest

Shew Kissen Bhatter [1973] 89 ITR 61 (SC)

CategoriesBusiness Income, Income Tax, Interest on Borrowed capital u/s 36(1)(iii) TagsSC

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Previous PostPrevious Interest paid on interest levied by bank, because of non-payment of instalments of borrowed capital to bank, does not qualify for an admissible deduction Of interest on housing loan
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