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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Interest earned on fixed deposit with banks complying with the ...


Interest from Bank Fixed Deposits u/s 11(5) Tax-Exempt; Section 2(15) Proviso Not Applicable to Assessee. (5) (15.

May 28, 2016

Case Laws     Income Tax     AT

Interest earned on fixed deposit with banks complying with the provisions of Section 11(5) is exempt and the proviso to Section 2(15) has no application to the facts of the assessee's case. - AT

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