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Income Tax - Highlights / Catch Notes

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Assessment of interest income on FCNR-B deposits - joint FCNR(B) ...

Income Tax

October 7, 2019

Assessment of interest income on FCNR-B deposits - joint FCNR(B) Bank account with the assessee’s non-resident - the PCIT is justified in giving direction to the AO to verify, re-quantify and tax the interest amounts accrued which were wrongly not taxed in the earlier assessment order after giving appropriate opportunity of being heard.

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