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Interest on forfeited bank account ??? taxable

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(Querist)
08 July 2014 Hi friends

My company is manufacturing co. one of the bank account is forfeited by bank with some amount maintained in that A/c. Now for the FY 2013-14 it is released with interest.

is it comes under other income in the manufacturing co.

is it Taxable in the company hands ???/
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
08 July 2014 Taxable in the hands of company under the head income from other sources.
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Rupesh Jain

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Rupesh Jain (Expert)
08 July 2014 taxable in the company hand under income from other sources.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 July 2014 for co its taxable as income from other sources.

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