Proprotionate disallowance of Interest paid on unsecured loan given to third party

CA Bikash Gupta , Last updated: 16 June 2020 Share Follow on Google News

Case: REEBOK INDIA COMPANY [2018] (Delhi) Fact of the case: The assessee- company had taken unsecured loans of (let say) Rs. 500 Crores. Out of the said sum, it had advanced (let say) Rs. 150 Crores to 3rd party on which no interest was charged. Pursuant to this, for the relevant AY, the Asse

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CA Bikash Gupta

?? Hi, Im Bikash Gupta, a Chartered Accountant with extensive experience in auditing, accounting, taxation, and financial advisory. ?? What I Do:? GST Registration Return Filing? Income Tax Return (ITR) Filing Tax Planning? Audit Compliance Services? Financial Consulting Business Advisory ?? Why Choose Me?With my ... Read more

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Proprotionate disallowance of Interest paid on unsecured loan given to third party

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