Nature of income - business income or income from other sources ...

Income Classification Debate: Business Income vs. Other Sources for Unregistered Money Lending Activities under RBI Rules.

January 15, 2019

Case Laws Income Tax AT

Nature of income - business income or income from other sources - the assessee has been carrying on the business of money lending in a systematic manner without having the registration with RBI as NBFC. Merely, the fact that the assessee is not registered with RBI AS NBFC, cannot lead to draw an inference that the assessee is not carrying out the business activity.

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Nature of income - business income or income from other sources ...

Income Classification Debate: Business Income vs. Other Sources for Unregistered Money Lending Activities under RBI Rules.

January 15, 2019

Case Laws Income Tax AT

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