Estimation of income @10% - Treatment of interest on fixed ...

Interest on Fixed Deposits as Business Income: Tax Estimation at 10% for Interest and Discount Credits.

July 29, 2023

Case Laws Income Tax AT

Estimation of income @10% - Treatment of interest on fixed deposits as integral part of business activity while estimating the income - The interest income and similarly discount credits shall thus form integral part of the business receipts and shall be subjected to estimation at same rate of 10% as made applicable to contract receipts. - AT

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Estimation of income @10% - Treatment of interest on fixed ...

Interest on Fixed Deposits as Business Income: Tax Estimation at 10% for Interest and Discount Credits.

July 29, 2023

Case Laws Income Tax AT

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