Interest on fdr of a partnership firm & interest on od

A/c entries 774 views 1 replies

a partnership firm has fdr in its name. interest on fdr has been shown as indirect income in P\L a\c...

can the interest on OD be deducted from the interest on FDR or to be shown separately.

Will the FDR interest be shown as other sources income or in PGBP income.... Pls guide.... Thanks in advance..

Replies (1)

Interest on FDR has to shown separetely and taxable as other source


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