Home / 
Interest from Fixed Deposits Classified as Business Profit for Tax Purposes Due to Connection with Business Activity.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Interest on FDRs - The deposit of money in present case was directly linked with the business activity of the company. The same is intricately connected with the business activity of the company - held as part of business profit - AT....
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
TaxTMI