Wednesday, 30 September 2015

Interest on FDRs made out of customer's advances wasn't income from other sources if same was reduce

IT : Where assessee, a construction company, received bank interest on FDRs which were made out of advances received from customers, even if construction was not complete during current year interest income could not be treated as income from other sources as same had been reduced from work-in-progress

No comments:

Post a Comment