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Supreme Court Clarifies Section 36(1)(viii): No Deduction for Bank Deposit Interest
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Supreme Court Clarifies Section 36(1)(viii): No Deduction for Bank Deposit Interest

The Supreme Court clarifies that interest from bank deposits, dividends, or service charges is not eligible for deduction under Section 36(1)(viii) of the Income-tax Act. Only inc…

Supreme Court Judgment Income Tax Act 1961 Section 36(1)(viii) Tax Deduction Long Term Finance NCDC Case Financial Institutions Statutory Corporations Bank Deposit Interest Dividend Income Tax Litigation Apex Court Ruling Direct Tax News Cour
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