Liquidated damages to finance co. is 'interest' income eligible to section 10(23G) exemption

Liquidated damages to finance co. is 'interest' income eligible to section 10(23G) exemption

May 03, 2019
IT: ‘Liquidated damages’ paid by borrowers to finance company for default in payment of loan falls within purview of term ‘interest’ income under section 2(28A) eligible for exemption under section 10(23G)

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