Friday, 30 October 2015

Whether ex-gratia payment made by employer out of his own sweet will can be treated as 'profits in lieu of salary' u/s 17(3)(i) - NO: HC

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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...