This Blog is created on 2010 with a view to give updates to the members on various topics related to Taxation i.e. Direct Tax, Indirect Tax and International Taxation.
Also will share the view on controversial topics among the Tax Managers , CA's and CA students.
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Sunday, October 16, 2011
NO 14A Disallowance on Purchase of MF from Accumulated Profit
Company purchasing mutual funds from accumulated profit, is not to subject to section 14A disallowance of interest on borrowed capital.
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