can 80IB deduction be claimed on interest income earned from income tax refund?
1 Replies
ABHISHEK AGRAWAL
(CHARTERED ACCOUNTANT)
(31 Points)
Replied 10 July 2008
hiiiiii
u should see that whether it is business related or not. if this is not related than the same will not qualify for deduction..
Example.. intt. recived on investment will not deduct
Example. intt. from deb. cre. etc is qualify for deduction
in ur issue there is a business income because without deposit of money in dept. our buss. disturbs.
so ithink it will qualify for deduction.
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