Interest received in advance on discounting of bills against LC is taxable on accrual basis: Madras HC
0
Interest received in advance on discounting of bills against LC is taxable on accrual basis: Madras HC Karur Vysya Bank…
Karur Vysya Bank Ltd. v. ACIT – [2020] 120 taxmann.com 331 (Madras)
Recent Posts
- GST Clarification on the issue of availability of ITC on Demo vehicles
- GST Clarification in respect of advertising services provided to foreign client
- Allowability of provision/payment of Gratuity in Income Tax and its representation in Form 3CD
- Income Tax benefits available to Ganpati Mandals:
- Agriculturist is not required to maintain books of accounts U/S 44AA: ITAT Bangalore
- Issue of addition vide intimation U/S 143(1) in the case of delay in payment of Employee Contribution of PF
- Important GST Council Recommendations during 54th GSTC Meeting:
- Where there is no substantial question of law, interference with the findings of Tribunal is not warranted: MP High Court
- Tax Clearance Certificate for Foreign Travel: Confusion & Clarification
- Section 2(22)(e) covers only direct benefit received by the shareholder from any payment made by the company, and not indirect benefit derived from any other transaction.
