Saturday, 29 September 2012

Form „ST-3‟ required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only

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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...