deductions

can 80IB deduction be claimed on interest income earned from income tax refund?

Replies (1)

hiiiiii

 

u should see that whether it is business related or not.  if this is not related than the same will not qualify for deduction..

Example.. intt. recived on investment will not deduct

Example. intt. from deb. cre. etc is qualify for deduction

in ur issue there is a business income because without deposit of money in dept. our buss. disturbs.

so ithink it will qualify for deduction.

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