Bank interest is disallowed income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2012
Dear Friends
I want to know that at the time when we do tax computation of Pvt. Ltd. then we add deprecation as company act and less deprecation as per Income tax . now I want to know that may I less bank interest from net profit before tax computation.
Pleas help me
I want to know that at the time when we do tax computation of Pvt. Ltd. then we add deprecation as company act and less deprecation as per Income tax . now I want to know that may I less bank interest from net profit before tax computation.
Pleas help me
20 January 2012
Bank interest will be reduced from business income as it is taxable under the head Income from Other Sources.
So, it will be reduced from business income and offered for tax under the head Income from Other Sources.
So, it will be reduced from business income and offered for tax under the head Income from Other Sources.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Eway bill generation from place other than registeted
- Goods sold but invoice not issued
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
