Tag Archives: section 57(iii)

Interest paid on money borrowed for investment in shares

Q :whether interest paid on money borrowed for investment in shares, which had not yet yielded any dividend is admissible expenditure under section 57(iii)  ? Interest paid on money borrowed for investment even in shares which had not yet yielded any dividend, was admissible under section 57(iii) HIGH COURT OF CALCUTTA Sri Saytasai Properties & Investment… Read More »