Income from other sources
This query is : Resolved
17 June 2017
I HAVE FILLED ONE INDIVIDUAL INCOME TAX RETURN AND TREAT INTEREST INCOME AS IFOS. FIRST I INCLUDE INTEREST INCOME IN BUSINESS INCOME AND THAN TREATED AS SEPARATELY ITEM AND THAN INCLUDE IN INCOME FROM IFOS. SO MY QUESTION IS THAT THIS TREATMENT IS RIGHT OR WRONG.
INCOME TAX DEPARTMENT HAD DECLARE RETURN AS DEFECTIVE. SO KINDLY GIVE ME ADVICE FOR THE SAME.
INCOME TAX DEPARTMENT HAD DECLARE RETURN AS DEFECTIVE. SO KINDLY GIVE ME ADVICE FOR THE SAME.
17 June 2017
Interest income is income from other sources only.
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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- Fixe term employment
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- New GST registration for new place of business.
- Starting trading business
- Need Professional Opinion AY 2012-13 Old Demand
- Regime change
- Goods sold but invoice not issued
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
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
Quick Links
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
