https://www.taxtmi.com/acts?id=51587 Interest income relating to bad or doubtful debts of a specified financial institution is chargeable to tax under the head Profits and gains of business or profession in the tax year in which such interest is credited to the profit and loss account or actually received, whichever is earlier; specified financial institutions and categories of bad or doubtful debts are defined and linked to prescribed categories and Reserve Bank guidelines. en-us Wed, 13 Aug 2025 18:57:14 +0530 Mon, 25 Aug 2025 14:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51587 Interest income relating to bad or doubtful debts of a specified financial institution is chargeable to tax under the head Profits and gains of business or profession in the tax year in which such interest is credited to the profit and loss account or actually received, whichever is earlier; specified financial institutions and categories of bad or doubtful debts are defined and linked to prescribed categories and Reserve Bank guidelines. Act-Rules Income Tax Wed, 13 Aug 2025 18:57:14 +0530 https://www.taxtmi.com/acts?id=51587