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Interst income from finance business

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16 March 2018 Dear Sir/ Madan, Interest income from finance business, Can we show this income under section 44AD?

16 March 2018 no , Interest income not covered under sec 44AD ,

16 March 2018 Can we show it as under income from other sources?




16 March 2018 you can not treat Income from Finance business interest under income from other sources

16 March 2018 Should i file under section 44AB?

16 March 2018 Yes... If your Income exceeds above Rs. 1 Cr then You fall under Tax Audit case as u/s 44AB

16 March 2018 Income is below 1crore and profite is less than 8 percent should i file under section 44AB?

17 March 2018 yes if you declare income less than 8% than Tax audit will apply.






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