Taxability of notional interest - Income from House Property - ...

Taxability of Notional Interest on Security Deposits: Revenue Must Prove Actual Interest Earned for Tax Purposes.

September 3, 2020

Case Laws Income Tax AT

Taxability of notional interest - Income from House Property - Rental income - The addition was on the sole premise, that the assessee having the security deposit must have earned the interest. In order to tax any amount, the revenue has to prove that the amount as indeed been earned by the assessee. - AT

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Taxability of notional interest - Income from House Property - ...

Taxability of Notional Interest on Security Deposits: Revenue Must Prove Actual Interest Earned for Tax Purposes.

September 3, 2020

Case Laws Income Tax AT

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