Long-term finance defined as loans or advances repayable with interest over a period of not less than five years. Definition of Long-term Finance for specified clauses of subsection 5 of section 11 of the Income-tax Act, 1961: any loan or advance whose terms require ... Summary
Long-term finance defined as loans or advances repayable with interest over a period of not less than five years.
Definition of Long-term Finance for specified clauses of subsection 5 of section 11 of the Income-tax Act, 1961: any loan or advance whose terms require repayment together with interest over a period of not less than five years, characterising qualifying instruments by their repayment schedule and interest obligation.
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