#Section 40A(2)(b)
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93 articlesIncome Tax
Income Tax
Section 40A(2)(b): Interest Rate on Permanent Loan cannot be compared with Rate on Temporary Loan
Income Tax
Income Tax
Remuneration paid to Management Graduates related to business is allowable
Income Tax
Income Tax
Mere low profitability of recipient firm not relevant to apply section 40A(2)(b)
Income Tax
Income Tax
Salary to partners as per deed and Income Tax Act cannot be disallowed
Income Tax
Income Tax
Section 14A applies also to strategic investments in subsidiaries; No estoppel against a statute
Income Tax
Income Tax
Disallowance u/s 40A(2) of Commission paid to relatives cannot be made without proper enquiry
Income Tax
Income Tax
S. 40A(2)(b) Loan taken from relatives cannot be compared with bank loan
Income Tax
Income Tax
S. 40A(2)(b) Interest on loan @ 12% paid to related party can’t be considered as excessive
Income Tax
Income Tax
