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Clarification on applicability of Interest-tax Act to hire purchase transactions

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....bility of Interest-tax Act to hire purchase transactions Circular No. 738 Dated 25/3/1996 The Board have received representations seeking clarification about chargeability of interest-tax on ....

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Full Text of the Document

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....ns or the financing of such transactions. 3. Hire purchase transactions are generally in the nature of finance transactions entered into by the companies engaged in the business of financing. 4.....

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