P. BHAVANI SHANKAR versus COMMISSIONER OF INCOME-TAX
Employer company pay Organic Circular states that the interest subsidy paid to employees or to LEC / HDFC on a house building loan constitutes a circular, LIC / HDF C-Tax is a subsidy of interest paid in connection with loans from employees' homes obtained by a licensed permit. Taxes Act, 1961, Section 17 (2) (iv)
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