banner_ad

Taxable under which head of income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 August 2010 If Rs. 1000000 is kept as Fixed Deposit in Bank in the name of a Pvt. Ltd. (say XYZ Pvt. Ltd.), then the interest received on the fixed deposit is taxable under the head profit gains from business/profession or income from other sources?
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
22 August 2010 According to me -- income from other sources
Profile Image

CMA KNVV Sri Vidya - Sri Kanth

Profile Image

CMA KNVV Sri Vidya - Sri Kanth (Expert)
23 August 2010 Income from other sources
Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
23 August 2010 In case of FD in Company name, fund are used for FD is business fund, it is usually taken in Business income itself.
Profile Image

CA Sanat Pyne

Profile Image

CA Sanat Pyne (Expert)
23 August 2010 agree with CA. BIJENDER KR. BANSALji ,
IF FD IS OUT OF BUSINESS FUND THEN IT WILL BE TREATED AS BUSINESS INCOME.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details