Other business by members in practice
This query is : Resolved
20 October 2018
a CA firm wants to lend its excess funds and earn interest? And it will declare that income as part of its firm’s revenue/business income. Can members in practice do it?
20 October 2018
Interest on excess fund deposited is not business/professional income.
20 October 2018
Hi Sir, thanks for your response. Does that mean, it is considered as IFOS and allowed for members in practice to do so?
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