Pgbp
This query is : Resolved
15 June 2013
if the assessee is a lender, by occupation and he recieves interest on the money lent.. will the interest income come under income from other sources or profit and gains of business profession ?
Guest
Guest
(Expert)
15 June 2013
Basically it is a business, hence the interest income will be shown under the head Income from Business and Profession.
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