Accrual of income - Taxability of income - interest income ...

Interest from Indian government funds deposited in the consolidated fund; no extra tax liability for recipients.

November 9, 2023

Case Laws Income Tax AT

Accrual of income - Taxability of income - interest income generated on the funds received from Gol - ownership of Interest earned - Since the entire amounts received as interest stands deposited in the consolidated fund of India, we hold that no addition is called for in the hands of the assessee. - AT

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Accrual of income - Taxability of income - interest income ...

Interest from Indian government funds deposited in the consolidated fund; no extra tax liability for recipients.

November 9, 2023

Case Laws Income Tax AT

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