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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Principle amount in the HSBC Geneva Bank account is itself not ...

Income Tax

April 19, 2016

Principle amount in the HSBC Geneva Bank account is itself not taxable due to the non-resident status of the assessee, and as there is no proof that the income has accrued or arisen in India consequently, there can’t be any addition on account of interest income on the amount of deposits in the same bank account - AT

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