interest free funds

  • Income Tax

No disallowance for interest paid on capital work in progress if sufficient interest-free funds available

No disallowance for interest paid on capital work in progress u/s 36(1)(iii) where sufficient interest-free funds available, presumption is that…

5 years ago
  • Income Tax

Availability of self owned interest free funds for disallowance u/s 36(1)(iii) can only be determined by examining the accounts

In a recent judgment, Amritsar has held that issue of availability of self owned interest free funds for making disallowance u/s…

8 years ago