Taxability of Guarantee fee
Abhijit (CA ) (250 Points)
13 March 2018Commission or Interest and incidental charges ?
Nikhil Kaushik
(Fellow CA)
(85637 Points)
Replied 17 March 2018
it cannot be taxed as interest income. At best it may be taxed as Income from other sources but not as interest income
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)