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Baking ci exp.

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(Querist)
23 December 2013 interest on current account whether Income or expenditure for banking co.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
23 December 2013 If it is paying interest on current accounts of public or other banks then it is expenditure, otherwise it is earning interest on current accounts held with other banks or RBI etc... then it is income.

OM SAI SRI SAI JAI JAI SAI

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