When is Interest on fixed deposit business income.

Nilesh Shah , Last updated: 11 April 2008  
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Nilesh Shah writes: Cell: 92246-59941 E mail: nilesh63@vsnl.com Interest on fixed deposit with bank-when business income. Where the assessee makes an investment by way of fixed deposit with a bank as a condition for getting bank guarantee for purposes of his contract business, such int

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Nilesh Shah
(Practising Chartered Accountan)
Category Income Tax   Report

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