Correct head of taxability of interest income - business income ...

Income Tax

July 16, 2019

Correct head of taxability of interest income - business income or income from other sources - the assessee firm had availed overdraft facility from the bank against the pledged of fixed deposit and overdraft amount was used for the purpose of business and interest was paid - since it is inextricably linked with the business activity, the impugned interest income has to be treated as business income

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Correct head of taxability of interest income - business income ...

Income Tax

July 16, 2019

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