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Query regarding interest on fixed deposit

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 April 2015 Whether for a Private Limited Company or LLP interest on Fixed Deposit can be taken under Income from other sources as interest from FD though generally it is accounted in P&L A/c?
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
01 April 2015 No. You have to enter in other income of of PLBS schedule of ITR V

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