Interest receipts earned by the assessee out of FDs kept with ...
Interest from Fixed Deposits for Diamond Trading Business Qualifies for Deduction u/s 10AA of Income Tax Act.
February 3, 2017
Case Laws Income Tax AT
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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