The Firm

Show Timings:

Friday: 10.30 pm, Saturday: 11.30 am

Sunday: 9:30am & 11.00pm

CNBC TV18
Network18

Boost For Private Debt Players

Published on Mon, Oct 27,2014 | 17:57, Updated at Mon, Oct 27 at 17:57Source : Moneycontrol.com 

In a decision which further incentivizes structured leverage transactions, the Bangalore bench of Income Tax Appellate Tribunal (“Tribunal”) in Alliance Infrastructure Projects v. DCIT1 has held that interest expenditure incurred on borrowed funds which are invested in the shares of a company cannot be disallowed unless the entity claiming such expenditure is in actual receipt of tax exempt income. The decision is a major shot in the arm for debt structured investments and importantly, comes at a time when the investment climate in India is on the rise. Attached is the analysis of the ruling by Nishith Desai Associates.

Attachments : Boost_for_private_debt_players__No_interest_disallowance_on_borrowed_funds_used_for_equity_investments_till_receipt_of_dividends.pdf
 
Twitter


 
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.