Supreme Court: Permanent Alimony Should not Penalize the Husband  ||  SC Reserves Judgement on Plea by Transwoman Whose Appointment was Cancelled on Gender Identity  ||  Lok Sabha Introduces the Merchant Shipping Bill, 2024  ||  NCLAT: If Liquidation Cost Not Paid as Per Regulations, Security Interest Shall Stand Relinquished  ||  SC Refers to Larger Bench Conflicting Interpretation Surrounding Sections 14(1) & 14(2) of HSA  ||  Supreme Court: There Has Been a Growing Tendency to Misuse Section 498A of IPC by Wife  ||  Inordinate Delay in Execution of Death Sentence has a Dehumanising Effect on Accused  ||  PC Granted to Woman Army Officer Who Was Denied Benefits Given to Similarly Situated Others  ||  If Bodily Injury Caused with Lethal Weapon, Lack of Intention to Cause Murder Irrelevant  ||  Must AddSection 304(II) of IPC In Accidents Involving Drunk Drivers    

ITAT, Jaipur: FDRs Interest Made for Business Purposes Shall be Treated as Business Income - (29 Apr 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal, Jaipur has ruled that the interest income received from the Fixed Deposit Receipt made for business purposes and for getting the tender from the Electricity Board shall be treated as business income and not as Income from Other Sources under the Income Tax Act, 1961.

Tags : INCOME TAX APPELLATE TRIBUNAL   FIXED DEPOSIT RECEIPT   INCOME FROM OTHER SOURCES   INCOME TAX ACT   1961  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved