https://www.taxtmi.com/manuals?id=4654 The document defines interest for taxation: it covers amounts payable in respect of moneys borrowed or debt incurred, including service fees, charges related to borrowed moneys or debt, and charges for unutilised credit facilities; an explanation treats dividend as interest for a specified anti-avoidance provision. The interest-tax definition includes commitment charges on unutilised credit and discounts on promissory notes and bills, while excluding certain statutory categories and treasury bill discounts. en-us Tue, 27 Aug 2024 13:11:00 +0530 Tue, 05 Nov 2024 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4654 The document defines interest for taxation: it covers amounts payable in respect of moneys borrowed or debt incurred, including service fees, charges related to borrowed moneys or debt, and charges for unutilised credit facilities; an explanation treats dividend as interest for a specified anti-avoidance provision. The interest-tax definition includes commitment charges on unutilised credit and discounts on promissory notes and bills, while excluding certain statutory categories and treasury bill discounts. Manuals Income Tax Tue, 27 Aug 2024 13:11:00 +0530 https://www.taxtmi.com/manuals?id=4654