interest on borrowed capital

“How to Claim Deductions on Dividend Income Under Section 57”

Under the Income Tax Act, 1961, dividend income and the interest associated with it are taxable under the head 'Income from Other Sources.' Section 57 allows taxpayers to claim specific deductions related to expenses incurred for earning such income,

What Deductions Are Permissible from Income Under Section 57?

Under the Income Tax Act, 1961, Section 57 outlines the deductions allowed from income taxable under the head 'Income from Other Sources.' This section ensures taxpayers can offset certain expenses directly related to earning such income, thereby reducing their

How Is Interest on Borrowed Capital Deductible? Complete Guidance

Introduction Businesses often borrow funds to finance operations, purchase assets, or expand their operations. The Income Tax Act, 1961, allows businesses to claim deductions for the interest paid on borrowed capital. This provision, covered under Section 36(1)(iii), provides significant

Tag: interest on borrowed capital

“How to Claim Deductions on Dividend Income Under Section 57”

What Deductions Are Permissible from Income Under Section 57?

How Is Interest on Borrowed Capital Deductible? Complete Guidance

Explore

Contact

Tag: interest on borrowed capital

“How to Claim Deductions on Dividend Income Under Section 57”

What Deductions Are Permissible from Income Under Section 57?

How Is Interest on Borrowed Capital Deductible? Complete Guidance

Explore

Contact

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