Tax Adit
This query is : Resolved
Ravi Prasad
(Querist)
15 September 2010
Dear all,
For a construction Company, The interest received to be included or not to determine the TO u/s 44AB of IT Act 1961 ?
thanking you,
For a construction Company, The interest received to be included or not to determine the TO u/s 44AB of IT Act 1961 ?
thanking you,
Aditya Maheshwari
(Expert)
15 September 2010
If the interest received is for any bank guarantee given for the purpose of business then it will be included and if received on sundry advances then not.
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