Interest on fd taxable as business income or other source
This query is : Resolved
13 November 2014
hi sir
in case of Partnership firm assesses created FD of rs.50 lacs in the name of firm on last year an in current year interest on FD rs.4.5 lcs accrued and credited to p& L A/c.
is such interest is taxbale as business income or other source.
in case of Partnership firm assesses created FD of rs.50 lacs in the name of firm on last year an in current year interest on FD rs.4.5 lcs accrued and credited to p& L A/c.
is such interest is taxbale as business income or other source.
13 November 2014
Income from other sources
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