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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Interest income - Correct head of income - income from other ...

Case Laws     Income Tax

March 14, 2019

Interest income - Correct head of income - income from other sources OR income from business - if interest income earned by the assessee is not incidental to the business activity of the assessee but on loans in the market for earning the interest intentionally and deliberately then it is income from other sources and not the business income.

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