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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Nature of interest income earned from the fixed deposits for ...


Interest from Fixed Deposits for Letters of Credit is Business Income, Not Separate Earnings.

December 21, 2018

Case Laws     Income Tax     HC

Nature of interest income earned from the fixed deposits for opening the letter of credits and for retention of margin money - It can only be income derived from profits and gains of the business.

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