https://www.taxtmi.com/manuals?id=4986 Definition of Long-term borrowings in Explanation (c) to sub section (3) of section 35D treats as long term: loans from Government, specified financial institutions or banks eligible under clause (viii) of sub section (1) of section 36; and foreign borrowings or debt incurred for purchase outside India of capital plant and machinery where repayment terms extend for not less than seven years. en-us Wed, 11 Sep 2024 21:53:00 +0530 Wed, 23 Oct 2024 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4986 Definition of Long-term borrowings in Explanation (c) to sub section (3) of section 35D treats as long term: loans from Government, specified financial institutions or banks eligible under clause (viii) of sub section (1) of section 36; and foreign borrowings or debt incurred for purchase outside India of capital plant and machinery where repayment terms extend for not less than seven years. Manuals Income Tax Wed, 11 Sep 2024 21:53:00 +0530 https://www.taxtmi.com/manuals?id=4986