Correct head of income - Interest income on FDRs - since the ...

Interest Income from FDRs Before Business Start Considered Capital Receipt, Offset Against Preoperative Expenses.

February 20, 2021

Case Laws Income Tax AT

Correct head of income - Interest income on FDRs - since the business of the assessee had not commenced, the interest received in the period prior to the commencement of business was in the nature of capital receipt and was required to be set off against the preoperative expenses. - AT

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Correct head of income - Interest income on FDRs - since the ...

Interest Income from FDRs Before Business Start Considered Capital Receipt, Offset Against Preoperative Expenses.

February 20, 2021

Case Laws Income Tax AT

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