Interest paid on borrowed Funds for Investment in Shares hit by Section 14A of Income Tax Act if Dividend received on Shares not part of total Income: Bombay HC [Read Order]
Interest paid on borrowed funds for investment in shares hit by Section 14A of Income Tax Act if dividend received on shares not part of total income: Bombay HC
By Kalyani B. Nair - On March 16, 2024 1:01 pm - 2 mins read
In a recent ruling the Bombay High Court held that the interest paid on borrowed funds for investment in shares hit by Section 14A of the Income Tax Act, 1961 if the dividend received on shares not part of total income. Assessee, i.e., appellant, is a Chartered Accountant by qualification and decided to switch profession…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
