Legal glossary
“interest”
Defined in 2 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Interest-tax Act, 1974 · s. 2
"interest" means interest on loans and advances made in India and includes--
Read section 2The Usurious Loans Act, 1918 · s. 2
(1) "Interest" means rate of interest and includes the return to be made over and above what was actually lent, whether the same is charged or sought to be recovered specifically by way of interest or otherwise.
Read section 2