TMI BlogInterest on State Grant FDRs Not Taxable When Kept as Directed by Government Guidelines.Taxability of interest income earned on FDR - unutilized interest was received, on the amount of grant received from the State Government, and kept in FDRs as per the direction of state government - not taxable - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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