Clarification required on business income

Others 430 views 1 replies

A wholesale pharma distributor has to keep certain amount of money with Pharma companies as deposit. on this deposit the companies pay interest to the distributor .

pls clarify whether interest earned on this deposit in to be treated as business income or non- business income.

Replies (1)
It is interest income not a bussiness income so may be it sud be go in other income head..... same like bank interest...


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