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Interest on NPAs is taxable in the year of receipt only

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  • Interest on NPAs is taxable in the year of receipt only
Posted onon March 19, 2019March 19, 2019

Tenet Tax Daily March 16 2019

By tenettax-team
Corporate Tax

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TPO can apply TNMM to compute ALP even if comparable Co. isn’t manufacturing exactly the same product
No escape from penalty even if cash received in excess of Rs. 20,000 was deposited on same day in bank a/c

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