Interest on State Grant FDRs Not Taxable When Kept as Directed by Government Guidelines.

Interest on State Grant FDRs Not Taxable When Kept as Directed by Government Guidelines. https://www.taxtmi.com/highlights?id=16535 Taxability of interest income earned on FDR - unutilized interest was received, on the amount of grant received from the State Government, and kept in FDRs as per the direction of state government - not taxable - HC en-us Thu, 26 Dec 2013 08:20:34 +0530 Thu, 26 Dec 2013 08:20:34 +0530 TaxTMI RSS Generator Interest on State Grant FDRs Not Taxable When Kept as Directed by Government Guidelines. https://www.taxtmi.com/highlights?id=16535 Taxability of interest income earned on FDR - unutilized interest was received, on the amount of grant received from the State Government, and kept in FDRs as per the direction of state government - not taxable - HC Highlights Income Tax Thu, 26 Dec 2013 08:20:34 +0530 https://www.taxtmi.com/highlights?id=16535