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Corpus fund investments

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(Querist)
22 February 2014 how is the interest earned on corpus fund investments treated in case of an AOP? is it taxable or not ? interest is accumulated to the corpus fund and being expended for the purpose of the corpus fund motive inspite of this is it still taxable under the head income from other sources ? could you please elaborate?
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CA Neha Chauhan

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CA Neha Chauhan (Expert)
22 February 2014 Yes, it is taxed under the head Income from Other Sources.

Regards,
Neha Chauhan
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