Section 2(7)(b) in The Interest-Tax Act, 1974

[Cites 0, Cited by 0] [Section 2(7)] [Section 2] [Entire Act]

Union of India - Subsection

Section 2(7)(b) in The Interest-Tax Act, 1974

(b)discount on promissory notes and bills of exchange drawn or made in, India, but does not include-

(i)interest referred to in sub-section (1B) of the Reserve Bank of India Act, 1934;

(ii)discount on treasury bills;]