Interest Deduction on Borrowed Capital: Key Differences Between Section 36(1)(iii) and Section 37 of Income Tax Act.

Interest Deduction on Borrowed Capital: Key Differences Between Section 36(1)(iii) and Section 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=45749 Capitalization of interest u/s.36(1)(iii) - Unlike, section 37 which expressly excludes an expense of a capital nature, section 36(1)(iii) emphasizes is the user of the capital and not the user of the asset which case into existence as a result of borrowed capital en-us Mon, 08 Apr 2019 09:33:25 +0530 Mon, 08 Apr 2019 09:33:25 +0530 TaxTMI RSS Generator Interest Deduction on Borrowed Capital: Key Differences Between Section 36(1)(iii) and Section 37 of Income Tax Act. https://www.taxtmi.com/highlights?id=45749 Capitalization of interest u/s.36(1)(iii) - Unlike, section 37 which expressly excludes an expense of a capital nature, section 36(1)(iii) emphasizes is the user of the capital and not the user of the asset which case into existence as a result of borrowed capital Highlights Income Tax Mon, 08 Apr 2019 09:33:25 +0530 https://www.taxtmi.com/highlights?id=45749