Correct head of income - interest income on FD - Income From ...

Interest from Fixed Deposits Tied to Business Activities, Classified as Business Income, Not Other Sources.

October 12, 2022

Case Laws Income Tax AT

Correct head of income - interest income on FD - Income From Other Sources v/s income from business - The said interest income has been earned by the assessee in the course of its business and also to raise funds for running the said business, hence, the said interest income is linked to the business activities of the assessee.- AT

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Correct head of income - interest income on FD - Income From ...

Interest from Fixed Deposits Tied to Business Activities, Classified as Business Income, Not Other Sources.

October 12, 2022

Case Laws Income Tax AT

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