Interest earned on FDRs - once the ECB loan which is to be ...

Income Tax

October 13, 2020

Interest earned on FDRs - once the ECB loan which is to be utilized for capital expenditure only, then, any interest earned on funds temporarily parked in FDRs is inextricably linked with the setting up of hotel of the assessee, and the same should be held as capital receipts only and is permitted to be set off against the capital expenditure - AT

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Interest earned on FDRs - once the ECB loan which is to be ...

Income Tax

October 13, 2020

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