Interest on Business Loans Deductible Under Income Tax Act Section 36(1)(iii); Section 37(1) Provisions Not Applicable.

Interest on Business Loans Deductible Under Income Tax Act Section 36(1)(iii); Section 37(1) Provisions Not Applicable. https://www.taxtmi.com/highlights?id=16481 Any interest paid on the capital borrowed for the purpose of business or profession has to be allowed as deduction u/s 36(1)(iii) - Provisions of section 37(1) are not applicable in respect of interest on the capital borrowed for business purpose - AT en-us Sat, 21 Dec 2013 14:33:02 +0530 Sat, 21 Dec 2013 14:33:02 +0530 TaxTMI RSS Generator Interest on Business Loans Deductible Under Income Tax Act Section 36(1)(iii); Section 37(1) Provisions Not Applicable. https://www.taxtmi.com/highlights?id=16481 Any interest paid on the capital borrowed for the purpose of business or profession has to be allowed as deduction u/s 36(1)(iii) - Provisions of section 37(1) are not applicable in respect of interest on the capital borrowed for business purpose - AT Highlights Income Tax Sat, 21 Dec 2013 14:33:02 +0530 https://www.taxtmi.com/highlights?id=16481