Deductions from interest on securities allow expense and borrowing-cost deductions when computing interest-on-securities income. Section 19 was omitted. Previously it treated Deductions from interest on securities, allowing deduction of reasonable sums expended to realise such ... Summary
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Deductions from interest on securities allow expense and borrowing-cost deductions when computing interest-on-securities income.
Section 19 was omitted. Previously it treated Deductions from interest on securities, allowing deduction of reasonable sums expended to realise such interest and deduction of interest payable on monies borrowed for the purpose of investment in securities when computing income under the head "Interest on securities."
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