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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Interest receipts earned by the assessee out of FDs kept with ...

Case Laws     Income Tax

February 3, 2017

Interest receipts earned by the assessee out of FDs kept with Banks by way of margin money made for the purposes of the assessee’s business of import/ export trading in diamonds, constitutes business receipts/income and is therefore eligible for deduction u/s 10AA - AT

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