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Interest paid on loan to acquire shares couldn’t treated as its cost of acquisition if interest wasn’t capitalized
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Corporate Tax
Interest paid on loan to acquire shares couldn’t treated as its cost of acquisition if interest wasn’t capitalized
Posted on
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November 14, 2014
Tenet Tax Daily November 14 2014
By
tenettax-team
Corporate Tax
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No sec. 194C TDS on sums paid to contractor for job-work if liability for execution of contract was on assessee
Sum paid to NR without deduction of tax won’t invite sec. 40(a)(i) disallowance if such sum was capitalized