Deductions for permitted finance charges

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....aid on any capital borrowed or debt incurred;        (b) the amount of interest paid to trade creditors;        (c) the amount of interest paid to any participant to the extent it is in accordance with the agreement of the association and relates to the period falling after the date of the agreement;      &nbs....

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.... prior to the date of commencement of such business; and           (ii) in any other case, prior to the date on which such asset was first put to use; and     (b) any amount of incidental financial charges for issue of debentures, bonds or share capital. (3) The amount of interest on any capital borrowed or debt incurred, which i....