Interest Income from Fixed Deposits Treated as Capital, Can Offset Pre-Commencement Expenses for Year.

Interest Income from Fixed Deposits Treated as Capital, Can Offset Pre-Commencement Expenses for Year. https://www.taxtmi.com/highlights?id=37063 Taxability of interest income - The interest income earned by assessee by depositing the share capital in Fixed Deposits under constraint are eligible to treat the income as capital in nature and allowed to set off against the precommencement expenses during the year. - AT en-us Mon, 04 Dec 2017 08:14:55 +0530 Mon, 04 Dec 2017 08:14:55 +0530 TaxTMI RSS Generator Interest Income from Fixed Deposits Treated as Capital, Can Offset Pre-Commencement Expenses for Year. https://www.taxtmi.com/highlights?id=37063 Taxability of interest income - The interest income earned by assessee by depositing the share capital in Fixed Deposits under constraint are eligible to treat the income as capital in nature and allowed to set off against the precommencement expenses during the year. - AT Highlights Income Tax Mon, 04 Dec 2017 08:14:55 +0530 https://www.taxtmi.com/highlights?id=37063