Interest received on short term deposits - income being the ...

Interest from Short-Term Deposits by Promoters Treated as Capital Receipt, Not Taxable Income.

April 20, 2019

Case Laws Income Tax AT

Interest received on short term deposits - income being the amount invested temporarily in short term deposits out of advance towards equity share capital by promoters are capital receipts and go to reduce the project cost with which it is inextricably linked - not exigible to tax as Income from Other Sources

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Interest received on short term deposits - income being the ...

Interest from Short-Term Deposits by Promoters Treated as Capital Receipt, Not Taxable Income.

April 20, 2019

Case Laws Income Tax AT

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