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interest on securitY DEPOSIT

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(Querist)
01 July 2009 under which head the interest on security deposit received by a firm from a company to whom amount is given as a security in case of dealership be shown in income tax return forms
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chetan soni

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chetan soni (Expert)
01 July 2009 Its a part of business income. It will be shown as other interest income in profit & loss details in income tax return.

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