Loan Amount vs. Liability: Differential Not Taxable u/s 41(1) for Sales Tax Remission or Cessation.

Loan Amount vs. Liability: Differential Not Taxable u/s 41(1) for Sales Tax Remission or Cessation. https://www.taxtmi.com/highlights?id=18604 Remission/cessation of sales tax liability u/s 41(1) - differential amount representing the actual loan amount and the present value of the future liability paid by the company is on capital account and not taxable - AT en-us Mon, 19 May 2014 08:21:30 +0530 Mon, 19 May 2014 08:21:30 +0530 TaxTMI RSS Generator Loan Amount vs. Liability: Differential Not Taxable u/s 41(1) for Sales Tax Remission or Cessation. https://www.taxtmi.com/highlights?id=18604 Remission/cessation of sales tax liability u/s 41(1) - differential amount representing the actual loan amount and the present value of the future liability paid by the company is on capital account and not taxable - AT Highlights Income Tax Mon, 19 May 2014 08:21:30 +0530 https://www.taxtmi.com/highlights?id=18604