Hi all,
Would like to know whether Interest received from Escrow Account is taxable or not , and if taxable under which head .
Thanks in Advance
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Escrow account
Replies (3)
Yes, taxable.
Under the head 'Income from other sources'
Can anybody explain what is escrow account pls?
Can u plz specify why it should be taxed in Income from other sources. Can we set off the interest income against Business expenditure
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