https://www.taxtmi.com/acts?id=9684 Amendment excludes deduction for interest on capital borrowed for acquisition or extension of business from the date of borrowing until the asset is first put to use, whether capitalised or not. It permits banks an optional additional deduction limited to income from redemption of securities under specified government schemes, conditional on disclosure under "Profits and gains of business or profession." It substitutes reference to an Exchange Risk Administration Fund and allows deduction for non capital expenditure by statutory corporations for authorised objects. en-us Wed, 22 Oct 2008 08:54:22 +0530 Wed, 22 Oct 2008 08:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9684 Amendment excludes deduction for interest on capital borrowed for acquisition or extension of business from the date of borrowing until the asset is first put to use, whether capitalised or not. It permits banks an optional additional deduction limited to income from redemption of securities under specified government schemes, conditional on disclosure under "Profits and gains of business or profession." It substitutes reference to an Exchange Risk Administration Fund and allows deduction for non capital expenditure by statutory corporations for authorised objects. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 08:54:22 +0530 https://www.taxtmi.com/acts?id=9684