Poonawalla fincorps
Poonawalla fincorps

Interest from fds

This query is : Resolved 
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(Querist)
02 January 2022 We had made fixed deposits in name of our proprietorship firm. Interest earned from fds will be shown where? Will expenses be allowed from interest income as per income tax? Pl clarify?

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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 January 2022 1. Under Interest income (IFOS)
2. No.

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