Thursday, 22 September 2011

EXPOSURE DRAFT on Revised Sch VI

EXPOSURE DRAFT  GUIDANCE NOTE TO
THE REVISED SCHEDULE VI
TO THE COMPANIES ACT, 1956 (file attached)
 
 
 

No comments:

Interest on Foreign Currency Loan & Corresponding Forex Loss for Strategic Share Acquisition Held Deductible as Revenue Expenditure

  The tax treatment of interest on funds borrowed to acquire shares hinges on a single, crucial distinction: the   purpose   behind the acqu...