Preoperative income treatment

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All expenses done by our company under preoperative stage are capitalised. Also our has earned interest on fixed deposit before it's operation starts. Whether such interest on fixed deposit should be taxable as revenue income under Income tax act or it should be treated as capital receipt which is to be adjusted against pre-operative expenses??
Replies (1)
It will be taxed under income from other sources since the interest is earned not out of business activity.


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