banner_ad

Interest income of money lender

Others 501 views 4 replies
User Avatar

Accountant
107 Points Posted on 26 September 2019
whether interest income of money lender is Business income or income from other source
0 Reply Share Follow
On 26 September 2019 at 19:55 Report
Replies (4)
User Avatar

23 Points Posted on 26 September 2019
It is business income and it is taxable under pgbp
Reply
On 26 September 2019 at 21:09
User Avatar

Chartered Accountant
181 Points Posted on 26 September 2019
Business income, as it is realized as a result of business activity.
Reply
On 26 September 2019 at 21:22
User Avatar

DEPUTY MANAGER
22 Points Posted on 26 September 2019
Business means some activity carried on by devoting time, attention and labour either by the owner himself or through others.
Reply
On 26 September 2019 at 22:52
User Avatar

17264 Points Posted on 26 September 2019
It's business income and if turnover exceeds 44AB limits, them audit is also applicable

Hope money lender holds necessary license for money lender activity.
1 Reply
On 26 September 2019 at 23:52


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

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details