Notional interest on loans-advance

  • Income Tax

Unrealised Interest on NPA Accounts not taxable notionally on accrual basis-High Court

Unrealised Interest on NPA Accounts not taxable notionally on accrual basis. AO has to follow the RBI Directions under section 45Q…

6 years ago
  • Income Tax

Notional interest on loans-advances when no such agreement – It is not necessary to pay interest in absence of such arrangement. Additions deleted by ITAT

Notional interest on loans-advances when no such agreement - It is not necessary to pay interest in the absence of such…

8 years ago