Monday, April 20, 2015

[aaykarbhavan] Builder entitled to deduction of interest if bank loan was transferred to housing society as per development agreement



Builder entitled to deduction of interest if bank loan was transferred to housing society as per development agreement

April 20, 2015[2015] 56 taxmann.com 177 (Gujarat)
IT : Interest paid to bank on borrowed fund which was advanced by builder to housing society and recoverable later on from purchasers of flats, would be allowable
 
Regards
Prarthana Jalan


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


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