Int on advances in pgbp

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aman (Querist)
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30 May 2012 how does 'interest received on advances or bank interest received' treated in PGBP???

Soumitra Basu (Expert)
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31 May 2012 If the fixed deposit is made from business fund .

aman (Querist)
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31 May 2012 Can u plz mention the section related to it...

Soumitra Basu (Expert)
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01 June 2012 It is an interpretation of the provision mixed with case laws. The relevant section is 28.

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