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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Interest income on fixed deposits received - AO has rightly ...

Case Laws     Income Tax

May 13, 2021

Interest income on fixed deposits received - AO has rightly treated the interest received during the construction period from the money parked as fixed deposits and interest on advance as ‘income from other sources and netting off of capital expenditure from the interest has rightly been disallowed. - AT

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