LOAN GIVEN TO PROPRIETARY FIRM AND INCOME RECEIVED THEREON

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1 Points Posted on 10 June 2020
My client recieved interest income from proprietary firm.. will that be taxable as ifos or business income?
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On 10 June 2020 at 23:11 Report
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133 Points Posted on 11 June 2020
Assuming your nature of business is not giving loans so intrest received will be taxable under IFOS
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On 11 June 2020 at 08:16

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