Taxability of rwas (aops)

Rakeshwar Nath Mishra (Finance Professional) (27 Points)

19 December 2016  

Some one kindly detail out the tax liability of an RWA under Income tax Act, Is Interest earned from Bank Interest liable to tax even if it is below minimum taxable amount?

Income/profit from RWAs normal course of activities are exempted, but what about other income including Interest etc.