Trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2017
Is Repayment of loan is treated is application of income, if loan is taken for purchase of property in case of trust and this purchase is taken as capital expenditure.
12 December 2017
Loan repayment is application of income.
Citation:- CIT Vs. Janmabumi Press Trust (2000) 242 ITR 457(Kar).
Citation:- CIT Vs. Janmabumi Press Trust (2000) 242 ITR 457(Kar).
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