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Interest Income

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(Querist)
14 April 2009 I received Interest from my Private Limited Company for Unsecured Loan . Pls. tell me this type of income in which head we cosider?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
14 April 2009 its under head income form other sources
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CMA KNVV Sri Vidya - Sri Kanth

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CMA KNVV Sri Vidya - Sri Kanth (Expert)
14 April 2009 income form other sources
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
14 April 2009 Depends.
Either income from business or profession or income from other sources.
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Manish Murarka

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Manish Murarka (Querist)
14 April 2009 Thank u for reply.
If I have no Money Landing License then this type of Income which head consider?
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
15 April 2009 I don't think there is any license required.
If its please clarify on it that whether it is under some local laws or something?
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Manish Murarka

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Manish Murarka (Querist)
16 April 2009 Thanks to all .
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Manish Murarka

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Manish Murarka (Querist)
16 April 2009 Thanks to all .
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