A wholesale pharma distributor has to keep certain amount of money with Pharma companies as deposit. on this deposit the companies pay interest to the distributor .
pls clarify whether interest earned on this deposit in to be treated as business income or non- business income.
Aggarwal Sarawagi and Co
New Delhi
CA
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R P S K & Associates
Nashik
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
