Interest on borrowed fund - revenue expenditure

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....nterest on borrowed fund - revenue expenditure<br> Query (Issue) Started By: - S.C.GUPTA Dated:- 19-2-2008 Last Reply Date:- 25-2-2008 Income Tax<br>Got 1 Reply<br>Income Tax<br>An existing private li....

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....mited company in transportation business wants to acqire another pvt.ltd. company doing tansportation business by utilising funds borrowed for this purpose. Whether interest paid on such borrowed fund....

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....s is an allowable revenue expenditure under Income Tax Act. Reply By Surender Gupta: The Reply: There are number of contradictory judgments are available. Only a careful study would help to find a su....

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....itable solution.<br> Discussion Forum - Knowledge Sharing ....