Tuesday, 28 August 2018

CBDT further extends return filing due date to September 15th for assessees in Kerala

CBDT further extends return filing due date to September 15th for all assessees in the State of Kerala due to severe floods. 

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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...