Interest Income
This query is : Resolved
Manish Murarka
(Querist)
14 April 2009
I received Interest from my Private Limited Company for Unsecured Loan . Pls. tell me this type of income in which head we cosider?
14 April 2009
its under head income form other sources
14 April 2009
income form other sources
CA Nitin Wadhwani
(Expert)
14 April 2009
Depends.
Either income from business or profession or income from other sources.
Either income from business or profession or income from other sources.
Manish Murarka
(Querist)
14 April 2009
Thank u for reply.
If I have no Money Landing License then this type of Income which head consider?
If I have no Money Landing License then this type of Income which head consider?
CA Nitin Wadhwani
(Expert)
15 April 2009
I don't think there is any license required.
If its please clarify on it that whether it is under some local laws or something?
If its please clarify on it that whether it is under some local laws or something?
Manish Murarka
(Querist)
16 April 2009
Thanks to all .
Manish Murarka
(Querist)
16 April 2009
Thanks to all .
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