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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - The interest earned on fixed deposit with ...


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

June 25, 2018

Case Laws     Income Tax     AT

Exemption u/s 11 - The 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

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