Interest from market loans is "income from other sources," not business income, for tax classification.

Interest from market loans is "income from other sources," not business income, for tax classification. https://www.taxtmi.com/highlights?id=45141 Interest income - Correct head of income - income from other sources OR income from business - if interest income earned by the assessee is not incidental to the business activity of the assessee but on loans in the market for earning the interest intentionally and deliberately then it is income from other sources and not the business income. en-us Thu, 14 Mar 2019 09:23:25 +0530 Thu, 14 Mar 2019 09:23:25 +0530 TaxTMI RSS Generator Interest from market loans is "income from other sources," not business income, for tax classification. https://www.taxtmi.com/highlights?id=45141 Interest income - Correct head of income - income from other sources OR income from business - if interest income earned by the assessee is not incidental to the business activity of the assessee but on loans in the market for earning the interest intentionally and deliberately then it is income from other sources and not the business income. Highlights Income Tax Thu, 14 Mar 2019 09:23:25 +0530 https://www.taxtmi.com/highlights?id=45141