https://www.taxtmi.com/forum/issue?id=1611 Whether interest on an FDR taken to secure a bank guarantee can be reduced from pre operative expenses hinges on the nature and purpose of the FDR and its direct nexus to preparatory business activity; the determination is fact specific and guided by tax principles and relevant precedent. en-us Wed, 18 Nov 2009 13:34:08 +0530 Thu, 23 Jan 2025 15:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1611 Whether interest on an FDR taken to secure a bank guarantee can be reduced from pre operative expenses hinges on the nature and purpose of the FDR and its direct nexus to preparatory business activity; the determination is fact specific and guided by tax principles and relevant precedent. Discussion-Forum Income Tax Wed, 18 Nov 2009 13:34:08 +0530 https://www.taxtmi.com/forum/issue?id=1611