Interest on FDs for pre-operative period is taxable as Income from Other Sources

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The Income Tax Appellate Tribunal (ITAT), Hyderabad bench, in the case of DRS Warehousing (South) Vs. ITO, held that the interest on FDs earned during the pre-operative period is taxable as ‘Income from Other Sources’ under the provisions of Income Tax Act.

May 14, 2017 at 01:57PM

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from Editor

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