Interest earned out of share application is adjustable towards share issue expenditure

Gursimaran Singh Rakhroy , Last updated: 28 July 2021  
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The issue with respect to tax treatment of interest earned out of the share application money deposited with a bank due to a statutory requirement has been a matter of debate before the Courts. Being a subject matter of discussion for a number of years, closure for the same has been achieved after t

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Published by

Gursimaran Singh Rakhroy
(Analyst)
Category Income Tax   Report

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