Interest from loans considered as ?
durgaprasad (accounts executive) (225 Points)
30 December 2016durgaprasad (accounts executive) (225 Points)
30 December 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171416 Points)
Replied 30 December 2016
If that be his regular business, it may be considered as business income, otherwise generally it is assessed as IFOS.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)