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interest on deposit

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(Querist)
29 November 2010 interest received on deposit with creditor should be assessed under what head ? as business income or other source ? can u suggest any case law regarding this ?
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CA. BHAVIK DILIPBHAI MEHTA

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CA. BHAVIK DILIPBHAI MEHTA (Expert)
29 November 2010 Interest received on creditor should assessed under business or profession head as the creditor is related to our business.

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