Remission of Loan

ankush , Last updated: 24 March 2009  
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Remission of Unsecured Loan Case for Taxability u/s 41(1) vis--vis 28(iv) Brief facts for issue in discussion are as under- ABC Pvt. Ltd had taken unsecured loan from various parties. For the first 2 years the company paid interest regularly and thereafter it did not pay any interest on the sai

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ankush
(Practice)
Category Income Tax   Report

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