Interest income

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Amreek Singh (Querist)
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25 August 2013 if individual carrying business of finance and received interest as income then what head to be choose. is it business income or income from other sources. please give answer in detail with section

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 August 2013 Mention the source of income and whther it was invested in business or somewhere else pls ask your query with more details.

Amreek Singh

Amreek Singh (Querist)
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25 August 2013 he giving loan 15 to 20 persons in a year and loan amount about 5000/- to 20000/- @2% per month.it is his only source of income. how i fill itr.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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25 August 2013 then then u need to file ITR-4 for business income and disclose it as business income.

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