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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Interest earned on Fixed Deposits with bank - the transactions ...


Interest on Fixed Deposits with Non-Member Banks Not Eligible for Mutuality Principles.

May 2, 2017

Case Laws     Income Tax     AT

Interest earned on Fixed Deposits with bank - the transactions with the bank who is not even a member of the society cannot be considered as a transaction for which principles of mutuality will apply. - AT

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