Interest Expenses for Capital Asset Advances Post-April 2004 Non-Deductible for Income Tax, Per Case Law Updates.

Interest Expenses for Capital Asset Advances Post-April 2004 Non-Deductible for Income Tax, Per Case Law Updates. https://www.taxtmi.com/highlights?id=13831 Disallowance of interest on advances given for capital assets - after 1.4.2004 if the interest expenditure has been incurred for the purpose of acquisition of capital asset then the same is not allowable - AT en-us Sat, 10 Aug 2013 20:57:42 +0530 Sat, 10 Aug 2013 20:57:42 +0530 TaxTMI RSS Generator Interest Expenses for Capital Asset Advances Post-April 2004 Non-Deductible for Income Tax, Per Case Law Updates. https://www.taxtmi.com/highlights?id=13831 Disallowance of interest on advances given for capital assets - after 1.4.2004 if the interest expenditure has been incurred for the purpose of acquisition of capital asset then the same is not allowable - AT Highlights Income Tax Sat, 10 Aug 2013 20:57:42 +0530 https://www.taxtmi.com/highlights?id=13831