Income tax


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2018 AN EDUCATIONAL TRUST GETS LOAN FROM "BANK A" AND CONSTRUCTS A BUILDING AND LATER FINDS THAT THE INTEREST IS HIGH AND GETS LOAN FROM "BANK B" AND SETTLES THE LOAN FROM "BANK A" AND CLAIMS THE COST OF THE LOAN THAT IS USED FOR BUILDING CONSTRUCTION AS CAPITAL EXPENDITURE...MY QUESTION IS IT ALLOWABLE AS PER INCOME TAX ACT,1961???

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 December 2018 ??????????????????????????????????

15 October 2021 No.


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