Tag Archives: Proviso to Section 48

Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property

By | February 2, 2023

Prevention of double deduction claimed on interest on borrowed capital for acquiring, renewing or reconstructing a property BUDGET 2023-24 MEMORANDUM EXPLAINING THE PROVISIONS IN THE FINANCE BILL, 2023 Under the existing provisions of the Act, the amount of any interest payable on borrowed capital for acquiring, renewing or reconstructing a property is allowed as a… Read More »