Interest on loans used to invest in shares for business expansion is deductible under Section 36(1)(iii).
Interest on loans used to invest in shares for business expansion is deductible under Section 36(1)(iii). Interest on loans used to invest in shares for business expansion is deductible under Section 36(1)(iii). Issue Whether interest expenditure on borrowed funds utilized to invest in the shares of another company is allowable as a business deduction under… Read More »