Addition by treating the interest received on STDR made in the ...

Interest from STDRs before business start is taxable as income from other sources; no Section 57(iii) deduction allowed.

July 9, 2021

Case Laws Income Tax AT

Addition by treating the interest received on STDR made in the pre-commencement period as being income from other sources - the interest income has to be brought to tax without allowing any deduction u/s 57(iii) towards interest on borrowed capital. - AT

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Addition by treating the interest received on STDR made in the ...

Interest from STDRs before business start is taxable as income from other sources; no Section 57(iii) deduction allowed.

July 9, 2021

Case Laws Income Tax AT

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