Friday, August 8, 2014

[aaykarbhavan] Commission paid to director for furnishing personal surety against loan sanctioned to Co. was allowable




 

Commission paid to director for furnishing personal surety against loan sanctioned to Co. was allowable

August 8, 2014[2014] 47 taxmann.com 141 (Delhi)
IT : Commission paid to directors in consideration of personal surety given to bank for facilitating loan, is allowable as deduction in hands of company
Regards
Prarthana Jalan


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


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