Tag: taxable

1. The Central Board of Direct Taxes (CBDT) has notified the  Provision for Calculation of taxable interest relating to contribution in a Provident Fund (PF) exceeding the specified limit, which will be effective from 1st April 2022. 2. The Board has notified the Income-tax (25th Amendment) …

The Bombay High Court held that interest on the loan is not taxable in absence of a mechanism for bifurcation of service prior to March 2006. Facts of the case:- The respondent, Shriram Transport Finance Company Ltd. is engaged in the business of lease and equipment …