whether interest received from f
ixed deposit (bank, business deposit, sales tax deposit shown in balance sheet of business but on the name of proprietor) and capital gain on shares and mutual fund (shown in balance sheet of business but these are on the name of proprietor) whether these are business income taxable under PGBP head or in their respective heads i.e. IFOS and Capital Gain respectively.???
The business is covered u/s 44AB.
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Business Income
Replies (1)
" ...... but on the name of proprietor) and capital gain on shares and mutual fund (shown in balance sheet of business but these are on the name of proprietor) "....
Is IFOS & CG respectively........ unless specifically declared u/h. PGBP.
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