Corpus fund investments
This query is : Resolved
latheef khan
(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?
CA Neha Chauhan
(Expert)
22 February 2014
Yes, it is taxed under the head Income from Other Sources.
Regards,
Neha Chauhan
Regards,
Neha Chauhan
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