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AOP

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(Querist)
03 August 2009 If AOP has received interest on FD & capitalise it into specific fund, can interest will exempt under income tax act.
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chetan soni

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chetan soni (Expert)
04 August 2009 No this will be taxable. Making any policy/accounting treatment does not make any income which is otherwise taxable as non taxable income.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
04 August 2009 agree with Mr. Chetan
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