Tribunal Rules in Favor of Scheduled Bank on Bad Debts, Broken Period Interest, and Section 80M Deductions
Tribunal Rules in Favor of Scheduled Bank on Bad Debts, Broken Period Interest, and Section 80M Deductions Issue Section 80M & Rule 8D Disallowance: Whether expenditure can be estimated and attributed under Rule 8D for Section 80M / 14A computations when the assessee-bank possesses sufficient interest-free own funds to cover investments. Bad Debts Write-off: Whether… Read More »