Income tax applicability of interest income
This query is : Resolved
Anil Yadav
(Querist)
14 March 2018
Dear Experts,
Hope you are well !!
Please advise if a construction company is having Bank Interest Income only and expenses are more then interest Income, then the company is liable to pay Income Tax separately on Interest Income and at what rate for FY 2017-18.
Hope you are well !!
Please advise if a construction company is having Bank Interest Income only and expenses are more then interest Income, then the company is liable to pay Income Tax separately on Interest Income and at what rate for FY 2017-18.
Nikhil Kaushik
(Expert)
14 March 2018
read section 71/72 of the Income-tax act...
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