Income from salary
This query is : Resolved
20 May 2009
Suppose there is a condition for a person before joining the bank that the person should keep a fixed deposit of Rs 50000/- on which the bank would give 10% return. Whether such income would be included under the head income from salary as keeping deposit is the main condition for getting employment in the bank?? Please provide supporting reasons
20 May 2009
No it will not be treated as salary income.
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20 May 2009
otherwise even if it is normal deposit you will show it as essential for job and get it included in salary, which is not allowed.
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20 May 2009
agree with the expert
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21 May 2009
its not income from salary,its income from other sources
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21 May 2009
Dear,There is no connection in salary income & intrest income.Both to be treated seperately.
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