Daily digest for Gupta Chandan & Associates, on January 17, 2022

posted: "INCOME TAX : Interest earned from Short Term Deposit Receipts (STDRs) made by appellant to enable it to open Letter of Credit (LoC) for procuring plant and machineries is incidental to such acquisition and should be treated as receipt of a capital nature " New post on Gupta Chandan & Associates Interest earned on Short Term Deposit Receipts made to open LoC to procure Pamp;M is capital in nature; not taxable: HC INCOME TAX : Interest earned from Short Term Deposit Receipts (STDRs) made by appellant to enable it to open Letter of Credit (LoC) for procuring plant and machineries is incidental to such acquisition and should be treated as receipt of a capital nature and not taxed as incomeINCOME TAX : Interest earned from Short Term […] Read more of this post January 17, 2022 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1ZE Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/interest-earned-on-short-term-deposit-receipts-made-to-open-loc-to-procure-pampm-is-capital-in-nature-not-taxable-hc/