Taxability of Interest Income - inter-corporate deposits - PGBP ...

Interest from Inter-Corporate Deposits Classified as Income from Other Sources, Not Business Profits, Affecting Tax Treatment.

March 11, 2013

Case Laws Income Tax AT

Taxability of Interest Income - inter-corporate deposits - PGBP or income from other sources -the income received by the assessee was assessed as income from other sources. - AT

View Source

← Previous Next →

Taxability of Interest Income - inter-corporate deposits - PGBP ...

Interest from Inter-Corporate Deposits Classified as Income from Other Sources, Not Business Profits, Affecting Tax Treatment.

March 11, 2013

Case Laws Income Tax AT

You may also like:

Taxability of interest income - ‘Interest on bank deposits, inter-corporate deposits, debentures, from sister concerns and ‘other interest - the surplus money, unless...

Set off of brought forward business loss against income from other sources - As provision of section 72 are very clear that brought forward business loss can only be set...

Bad debts - Disallowance of deduction claimed in respect of notional interest taxed as income in earlier year, which was not realized by the appellant - the assessee is...

Interest income earned from fixed deposits created as margin for availing business loans was rightly treated as business income and netted off against interest...

Interest income on Inter Corporate Deposits (ICD) and Fixed Deposits (FD) treated as income under "Profits & Gains of Business or Profession" instead of "Income from...

ITAT ruled that interest income from fixed deposits marked as lien, conditional deposits from public offerings, deposits placed to comply with facility agreements, and...

Interest income - zero coupon money - interest earned by investing the surplus share money in bank deposits, such interest is taxable as income from other sources and...

Correct head of taxability of interest income - business income or income from other sources - the assessee firm had availed overdraft facility from the bank against the...

Interest income - Correct head of income - income from other sources OR income from business - if interest income earned by the assessee is not incidental to the...

Characterization of income - Determine the nature of interest income earned - mere fact that the deposits were linked with projects would not alter the character of the...

Set off of the brought forward losses against the income from other sources - Ld. CIT (A) has rightly decided that, “although interest income has been shown as income...

Addition of interest - accrual of interest - Inter-corporate deposits - it cannot be said that interest has accrued to the assessee during the year when the...

Income from license fees - income under the head ‘Income from other sources’ OR 'business income' - AT

Income from other sources - the assessee has shown bank interest under the head income from other sources and net difference of interest income earned and interest...

Correct head of income - interest income on FD - Income From Other Sources v/s income from business - The said interest income has been earned by the assessee in the...

Quick Updates: