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Income Tax - Highlights / Catch Notes

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Deduction u/s 10AA - interest on FDR along with Forward Premium ...


Interest and Forward Premiums Exempt u/s 10AA for Trading Business Assessee's Income Tax Claims.

January 30, 2023

Case Laws     Income Tax     AT

Deduction u/s 10AA - interest on FDR along with Forward Premium - since the Interest on Fixed Deposits are attributable and incidental to the trading business carried on by the assessee, the same has rightly been claimed as exempt u/s. 10AA - AT

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