Interest expenses on bank loans for FDRs used as security and guarantees to NSC deductible against interest income.

Interest expenses on bank loans for FDRs used as security and guarantees to NSC deductible against interest income. https://www.taxtmi.com/highlights?id=53001 Income from other sources - Interest expense allowance against interest income - the interest expense accrued in favour of various banks on the money borrowed for the purpose of FDRs for security and also for bank guarantees to NSC. - Adjustments allowed - AT en-us Thu, 16 Apr 2020 11:53:24 +0530 Thu, 16 Apr 2020 11:53:24 +0530 TaxTMI RSS Generator Interest expenses on bank loans for FDRs used as security and guarantees to NSC deductible against interest income. https://www.taxtmi.com/highlights?id=53001 Income from other sources - Interest expense allowance against interest income - the interest expense accrued in favour of various banks on the money borrowed for the purpose of FDRs for security and also for bank guarantees to NSC. - Adjustments allowed - AT Highlights Income Tax Thu, 16 Apr 2020 11:53:24 +0530 https://www.taxtmi.com/highlights?id=53001