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Interest nbfc

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 April 2014 INTEREST PAID TO INDIABULLS BUT NOT DEDUCTED TDS.BUT INDIA BULLS INCOME TAX FILE RETURN. ANY COURT CASE IF NBFC FILE INCOME TAX RETURN. INTEREST EXPNSES ALLOWED BY AO. IN FAVOUR OF CLIENT COURT CASES
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 April 2014 no need to look for the case law...it is covered under proviso to 40(a)(ia). Refer Form 26A also.
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