Corporate tax on interest
This query is : Resolved
20 September 2017
Can interest expense be claimed as deduction against interest income?
If the amount so borrowed by the Pvt. Ltd. company is invested in Debt MF (a part/partially)?
Thanks for the Help!!!
If the amount so borrowed by the Pvt. Ltd. company is invested in Debt MF (a part/partially)?
Thanks for the Help!!!
20 September 2017
interest paid in order to earn interest is deductible.
But in your case, it seems, you have invested in debt MF by borrowing money. I dont think this interest is deductible
But in your case, it seems, you have invested in debt MF by borrowing money. I dont think this interest is deductible
21 September 2017
Interest expense can't be deducted. Inference - [2001] 248 ITR 449 (SC).
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Confusion around Form 26QB fields
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Applicability of Ind As to associate of associate
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
