deduction u/s 57

  • Income Tax

Deduction u/s 57(iv) allowed despite assessee was engaged in business of real estate

Deduction u/s 57(iv) allowable against Interest received on enhanced compensation for land acquisition despite assessee engaged in business of real…

1 year ago
  • Income Tax

Salary, legal expenses, board meeting, Director fees not attributable to Fixed Deposit interest 

Employee Salary, legal expenses, board meeting expenses, Director sitting fees can not be attributed to Fixed Deposit interest - ITAT…

1 year ago
  • Income Tax

Expenditure for earning interest income allowed u/s 57(ii) as nexus of loan & FDR not doubted

Expenditure for earning interest income allowed u/s 57(ii) as nexus between loan taken and amount invested in FDR not was…

4 years ago
  • Income Tax

Deduction against FDR interest allowed for interest paid on unsecured loans taken to make investment

Interest on FDRs-deduction of Interest paid on unsecured loans taken to make investment in bank FDRs allowed u/s 57(iii) in…

5 years ago
  • Income Tax

Interest on loan against FDR security not deductible u/s 57 against interest income earned on FDR

Interest on loan against FDR security not deductible u/s 57 against interest income earned on FDR on the ground of…

6 years ago