Interest Expense Deductible Against Interest Income u/s 57(iii) of Income Tax Act.

Interest Expense Deductible Against Interest Income u/s 57(iii) of Income Tax Act. https://www.taxtmi.com/highlights?id=37143 Addition on account of interest expense claimed against the interest income - As the interest bearing fund has been advanced by the assessee to the parties to earn interest then in our considered view the interest paid qua to the interest income was very much eligible for deduction u/s 57(iii) of the Act - AT en-us Mon, 11 Dec 2017 08:29:06 +0530 Mon, 11 Dec 2017 08:29:06 +0530 TaxTMI RSS Generator Interest Expense Deductible Against Interest Income u/s 57(iii) of Income Tax Act. https://www.taxtmi.com/highlights?id=37143 Addition on account of interest expense claimed against the interest income - As the interest bearing fund has been advanced by the assessee to the parties to earn interest then in our considered view the interest paid qua to the interest income was very much eligible for deduction u/s 57(iii) of the Act - AT Highlights Income Tax Mon, 11 Dec 2017 08:29:06 +0530 https://www.taxtmi.com/highlights?id=37143