Tax treatment of 'interest' income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 August 2015
Dear experts
A loss making pvt ltd compnay has earned some interst income on Fixed deposit..
What should be the tax treatment??
A loss making pvt ltd compnay has earned some interst income on Fixed deposit..
What should be the tax treatment??
CA Kumar Mukesh
(Expert)
03 August 2015
Losses of current year business and profession can be knocked off income of other sources. But carried forward losses can be set off only again income of pgbp
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