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Admissibility of Broken Period Interest in assessment

Posted by CA SIDDHARTH MEHRA 11 February 2011 23466 Views

Admissibility of Interest for the Broken Period in assessment of Interest on Securities Introduction When the Government securities are acquired between two due dates, the admissibility of interest attributable to the period from the



The real effect of section 50C of the Income Tax Act, 1961

Posted by CA SIDDHARTH MEHRA 11 February 2011 169884 Views

Introduction Section 50C was inserted by the Finance Act, 2002 with effect from April 1, 2003. It reads as under : Special provision for full value of consideration in certain cases.(1) Where the consideration received or accruing as




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