Purpose Of A Loan And Related Interest Expenditure – Mondaq News Alerts (registration)

Purpose Of A Loan And Related Interest Expenditure – Mondaq News Alerts (registration)

Purpose Of A Loan And Related Interest Expenditure
Mondaq News Alerts (registration)
Interest would generally only be deductible in terms of section 24J of the Income Tax Act if incurred for purposes of carrying on a trade and in the production of income. In some instances a taxpayer may be … The taxpayer relied heavily on the case

Purpose Of A Loan And Related Interest Expenditure – Mondaq News Alerts (registration)