INTEREST ON LOAN

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....NTEREST ON LOAN<br> Query (Issue) Started By: - Shipra Agarwal Dated:- 20-7-2016 Last Reply Date:- 8-9-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>Whether the interest payment for the unused lease....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hold land in the partnership firm is to be capitalised or is a revenue expenditure? The land ia idle and there is no any use of it and also it is not kept aside for any specific project or purpose. Is....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... there any case law relating to it? Reply By MARIAPPAN GOVINDARAJAN: The Reply: It is revenue expenditure.<br> Discussion Forum - Knowledge Sharing ....