Interest from Short-Term Deposits by Promoters Treated as Capital Receipt, Not Taxable Income.

Interest from Short-Term Deposits by Promoters Treated as Capital Receipt, Not Taxable Income. https://www.taxtmi.com/highlights?id=46009 Interest received on short term deposits - income being the amount invested temporarily in short term deposits out of advance towards equity share capital by promoters are capital receipts and go to reduce the project cost with which it is inextricably linked - not exigible to tax as Income from Other Sources en-us Sat, 20 Apr 2019 09:31:46 +0530 Sat, 20 Apr 2019 09:31:46 +0530 TaxTMI RSS Generator Interest from Short-Term Deposits by Promoters Treated as Capital Receipt, Not Taxable Income. https://www.taxtmi.com/highlights?id=46009 Interest received on short term deposits - income being the amount invested temporarily in short term deposits out of advance towards equity share capital by promoters are capital receipts and go to reduce the project cost with which it is inextricably linked - not exigible to tax as Income from Other Sources Highlights Income Tax Sat, 20 Apr 2019 09:31:46 +0530 https://www.taxtmi.com/highlights?id=46009