Interest on Fixed Deposits for EPCG Scheme Bank Guarantees is Capital Receipt, Offset Against Project Cost, Not Taxable Income. https://www.taxtmi.com/highlights?id=35851 Assessment of the bank interest - Interest on fixed deposits in providing bank Guarantee under EPCG scheme is in the nature of capital receipt and to be set off against project cost. en-us Tue, 08 Aug 2017 07:45:20 +0530 Tue, 08 Aug 2017 07:45:20 +0530 TaxTMI RSS Generator Interest on Fixed Deposits for EPCG Scheme Bank Guarantees is Capital Receipt, Offset Against Project Cost, Not Taxable Income. https://www.taxtmi.com/highlights?id=35851 Assessment of the bank interest - Interest on fixed deposits in providing bank Guarantee under EPCG scheme is in the nature of capital receipt and to be set off against project cost. Highlights Income Tax Tue, 08 Aug 2017 07:45:20 +0530 https://www.taxtmi.com/highlights?id=35851