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![Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Karnataka-High-Court-Interest-on-Non-Performing-Assets-Taxable-Income-Taxscan.jpg "Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]")
Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]
The Karnataka High Court while quashing the appeal of the revenue deleted interest accrued on non-performing assets from the computation of taxable...
![Delhi Govt. notifies Interest to be paid on net GST with effect from Sep 1, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/Delhi-Govt-Interest-net-GST-Taxscan.jpg "Delhi Govt. notifies Interest to be paid on net GST with effect from Sep 1, 2020 [Read Notification]")
![Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Interest-bank-deposits-EOU-profits-claiming-deduction-Taxscan.jpg "Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]")
12% GST applicable on Interest / Penalty collected for Delay in Payment of Monthly Subscription by Members of Chit Fund Company: AAR [Read Order]
The Andhra Pradesh Authority of Advance Ruling (AAR) ruled that 12% of GST is applicable on interest/penalty collected for the delay in payment of monthly subscription by the members of the chit fund...
![12% GST applicable on Interest / Penalty collected for Delay in Payment of Monthly Subscription by Members of Chit Fund Company: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Delayed-GST-Payment-Taxscan.jpg "12% GST applicable on Interest / Penalty collected for Delay in Payment of Monthly Subscription by Members of Chit Fund Company: AAR [Read Order]")
Income Tax (16th Amendment) Rules, 2020: CBDT amends rule 31A and Form No. 26Q from July 3, 2020 [Read Notification]
The Central Board of Direct Taxes (CBDT) on Monday, mandates providing certain information relating to cash withdrawals under section 194N in Form No. 26Q. The Board also mandates that details of...
![Income Tax (16th Amendment) Rules, 2020: CBDT amends rule 31A and Form No. 26Q from July 3, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/07/CBDT-Taxscan.jpg "Income Tax (16th Amendment) Rules, 2020: CBDT amends rule 31A and Form No. 26Q from July 3, 2020 [Read Notification]")
![Interest under Income Tax Act can’t be levied on a Wound-Up Company: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/GSTAT-Madras-High-Court-Taxscan.jpg "Interest under Income Tax Act can’t be levied on a Wound-Up Company: Madras HC [Read Judgment]")
![Interest from Fixed Deposit taxable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/site-image3-16-1.jpg "Interest from Fixed Deposit taxable as ‘Other Income’: ITAT [Read Order]")
![NCLAT directs Unitech to Repay the Amount to its Deposit Holders with Interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Unitech-NCLAT-Taxscan.jpg "NCLAT directs Unitech to Repay the Amount to its Deposit Holders with Interest [Read Order]")