Interest earned on grants made by the State Government kept in ...

Interest on State Government grants in fixed deposits is capitalized, not taxed as income.

November 9, 2015

Case Laws Income Tax HC

Interest earned on grants made by the State Government kept in fixed deposits pending utilization - interest on all these fixed deposits are considered to be capitalised and not revenue receipts to treat it as an income. - HC

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Interest earned on grants made by the State Government kept in ...

Interest on State Government grants in fixed deposits is capitalized, not taxed as income.

November 9, 2015

Case Laws Income Tax HC

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