Friday, May 3, 2019

Liquidated damages to finance co. is 'interest' income eligible to section 10(23G) exemption

IT: ‘Liquidated damages’ paid by borrowers to finance company for default in payment of loan falls within purview of term ‘interest’ income under section 2(28A) eligible for exemption under section 10(23G)

from www.taxmann.com Latest Case Laws http://bit.ly/2Vctyjz
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