Interest from STDRs before business start is taxable as income from other sources; no Section 57(iii) deduction allowed.

Interest from STDRs before business start is taxable as income from other sources; no Section 57(iii) deduction allowed. https://www.taxtmi.com/highlights?id=58704 Addition by treating the interest received on STDR made in the pre-commencement period as being income from other sources - the interest income has to be brought to tax without allowing any deduction u/s 57(iii) towards interest on borrowed capital. - AT en-us Fri, 09 Jul 2021 18:35:04 +0530 Fri, 09 Jul 2021 18:35:04 +0530 TaxTMI RSS Generator Interest from STDRs before business start is taxable as income from other sources; no Section 57(iii) deduction allowed. https://www.taxtmi.com/highlights?id=58704 Addition by treating the interest received on STDR made in the pre-commencement period as being income from other sources - the interest income has to be brought to tax without allowing any deduction u/s 57(iii) towards interest on borrowed capital. - AT Highlights Income Tax Fri, 09 Jul 2021 18:35:04 +0530 https://www.taxtmi.com/highlights?id=58704