Income tax applicability of interest income
This query is : Resolved
14 March 2018
Dear Experts,
Hope you are well !!
Please advise if a construction company is having Bank Interest Income only and expenses are more then interest Income, then the company is liable to pay Income Tax separately on Interest Income and at what rate for FY 2017-18.
Hope you are well !!
Please advise if a construction company is having Bank Interest Income only and expenses are more then interest Income, then the company is liable to pay Income Tax separately on Interest Income and at what rate for FY 2017-18.
14 March 2018
read section 71/72 of the Income-tax act...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
