Interest accruing on FDRs treated as income from other sources - ...

Interest from Fixed Deposit Receipts before March 31, 2011, should offset project costs, not be taxed as income.

March 28, 2016

Case Laws Income Tax AT

Interest accruing on FDRs treated as income from other sources - since the assessee is not having any other source of income de horse this business undertaking which was not set up, interest income earned by the assessee till 31/03/2011 cannot be brought to tax - to be reduced from the cost of project - AT

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Interest accruing on FDRs treated as income from other sources - ...

Interest from Fixed Deposit Receipts before March 31, 2011, should offset project costs, not be taxed as income.

March 28, 2016

Case Laws Income Tax AT

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