Tax benefits for a company

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Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2010 what are the tax implication of investing in commercial paper (CP) and certificate of deposit (CD) by a Company?

CA.Mini (Expert)
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05 July 2010 i think tax-exempt commercial papers are more in circulation.taxes are exempt on the yield from cp if it is issued for a few months.

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