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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

The question as to whether the business is derived from or ...


Cooperative banks can claim tax deductions on interest earned, regardless of business income source u/s 80P(2)(a)(i).

October 22, 2012

Case Laws     Income Tax     HC

The question as to whether the business is derived from or attributable to SLR or non-SLR funds would not make any difference for the purposes of qualifying the interest earned by the cooperative bank under Section 80P(2)(a)(i) - HC

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