PREETI GAUTAM (Article in ca firm) (23 Points)
25 May 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 25 May 2017
Interest income on fixed deposit shall be treated as income from other sources.
However, the loss from business can be set off to the extend of the Interest income on fixed deposit.
karthikn raju
(Student CA Final )
(45 Points)
Replied 01 August 2017
What about interest income from savings bank account ? Is that taxable on charitable trust hands ?
CAclubindia
