Interest Income on RBI Bonds Not Exempt: Does Not Qualify as Trade or Business u/ss 2(15), 11, and 12. https://www.taxtmi.com/highlights?id=33294 Exemption under sections 11 & 12 denied - earning interest income on RBI Bonds - the activity of depositing money in the bank and earning interest would not constitute trade, commerce or business within the meaning of section 2(15) r.w. proviso thereof. - AT en-us Tue, 14 Feb 2017 08:49:06 +0530 Tue, 14 Feb 2017 08:49:06 +0530 TaxTMI RSS Generator Interest Income on RBI Bonds Not Exempt: Does Not Qualify as Trade or Business u/ss 2(15), 11, and 12. https://www.taxtmi.com/highlights?id=33294 Exemption under sections 11 & 12 denied - earning interest income on RBI Bonds - the activity of depositing money in the bank and earning interest would not constitute trade, commerce or business within the meaning of section 2(15) r.w. proviso thereof. - AT Highlights Income Tax Tue, 14 Feb 2017 08:49:06 +0530 https://www.taxtmi.com/highlights?id=33294