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Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Interest income - zero coupon money - interest earned by ...


High Court Rules Interest from Surplus Share Investments as Taxable Income from Other Sources, Not Business Income.

June 6, 2013

Case Laws     Income Tax     HC

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 not as business income - HC

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