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Interest income of money lender
whether interest income of money lender is Business income or income from other source
Replies (4)
It is business income and it is taxable under pgbp
Business income, as it is realized as a result of business activity.
Business means some activity carried on by devoting time, attention and labour either by the owner himself or through others.
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.
Hope money lender holds necessary license for money lender activity.
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