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Interest income from staff thrift and credit society ltd

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2015 Dear Experts,

Good day to you,

My Friend has received an Interest Income from Staff thrift and Credit society ltd for the deposits made by him.

Kindly help me in knowing whether such Income is taxable or Exempted in hands of the Assessee.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 August 2015 Interest Income on deposits is taxable.

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