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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

The fixed deposit receipts being business assets, there was no ...


Interest from Fixed Deposit Receipts Deemed Business Income for Assessee When Considered Business Assets.

October 10, 2014

Case Laws     Income Tax     AT

The fixed deposit receipts being business assets, there was no reason as to why interest income earned from such fixed deposit receipts could not be assessed as business income of the assessee. - AT

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