"20 August 1969" Archive

Circular No. 28-Income Tax dated 20-8-1969

Circular No. 28-Income Tax 20/08/1969

Circular No. 28-Income Tax Section 24(1)(vi ) provides that where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital shall be allowed as an admissible deduction in the computation of income from the said property....

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