Interest on Subsidiaries' Shifting & Rehabilitation Fund Not Taxable for Assessee Company; Assets Not Owned by Assessee.

Interest on Subsidiaries' Shifting & Rehabilitation Fund Not Taxable for Assessee Company; Assets Not Owned by Assessee. https://www.taxtmi.com/highlights?id=35211 Taxability of Interest earned on funds - belong to the assessee or not - amount / funds contributed by subsidiaries towards the shifting and rehabilitation fund - the assets generated from such money cannot be treated as assets of the assessee company - not taxable - AT en-us Sat, 10 Jun 2017 07:08:20 +0530 Sat, 10 Jun 2017 07:08:20 +0530 TaxTMI RSS Generator Interest on Subsidiaries' Shifting & Rehabilitation Fund Not Taxable for Assessee Company; Assets Not Owned by Assessee. https://www.taxtmi.com/highlights?id=35211 Taxability of Interest earned on funds - belong to the assessee or not - amount / funds contributed by subsidiaries towards the shifting and rehabilitation fund - the assets generated from such money cannot be treated as assets of the assessee company - not taxable - AT Highlights Income Tax Sat, 10 Jun 2017 07:08:20 +0530 https://www.taxtmi.com/highlights?id=35211