Friday, October 3, 2014

[aaykarbhavan] Exp. for earning of residual income is deductible even when no residual income is actually earned



Exp. for earning of residual income is deductible even when no residual income is actually earned

October 4, 2014[2014] 49 taxmann.com 143 (Bombay)
IT : It cannot be said that interest expenditure on borrowed capital shall be debited, only if any income is made or earned
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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