Monday, March 16, 2015

[aaykarbhavan] Waiver of loan wasn't taxable as business income when such loan wasn't treated as business transaction earlier



Waiver of loan wasn't taxable as business income when such loan wasn't treated as business transaction earlier

March 16, 2015[2015] 55 taxmann.com 157 (Bombay)
IT : Where in earlier years revenue did not accept loan transaction as business transaction, waiver of said loan could not be considered as business income under section 28(iv)
 
Regards
Prarthana Jalan


__._,_.___
Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com




__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)