Interest on fdr
This query is : Resolved
08 August 2013
A proprietor taken FDR in the name of its Firm.
My Query is that whether the interest from FDR will be treated as Business Profit and taken to P&L or it is the personal income of a Proprietor taken in Income from other sources?
My Query is that whether the interest from FDR will be treated as Business Profit and taken to P&L or it is the personal income of a Proprietor taken in Income from other sources?
08 August 2013
It is taxable under the head Income From Other Source.
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