Interest on Loans from Shareholders Deductible u/s 36(1)(iii) of Income Tax Act, Reducing Taxable Income.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Interest on borrowing to shareholders are deductible expenditure u/s 36(1)(iii) as interest on borrowed capital.... - AT....