Treatment of interest earned on fixed deposits made out of funds ...

Interest from Fixed Deposits Before Business Start Not Taxable as Income from Other Sources; ADB Loan FDRs Excluded.

July 3, 2021

Case Laws Income Tax AT

Treatment of interest earned on fixed deposits made out of funds of the assessee in the period prior to commencement of business - 'revenue or capital' receipt - the interest received to the extent of ADB loan parked in investments in FDRs is not revenue in nature and not liable to be taxed under the head "income from other sources" - AT

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Treatment of interest earned on fixed deposits made out of funds ...

Interest from Fixed Deposits Before Business Start Not Taxable as Income from Other Sources; ADB Loan FDRs Excluded.

July 3, 2021

Case Laws Income Tax AT

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