Monday, March 4, 2019

Interest earned on FD out of money granted by Govt. for metro project isn't taxable

IT: Where money given by Government to assessee-joint venture company of Central and State Government for implementation of construction work of metro railway was kept in fixed deposit with a bank before utilisation, interest income earned could not be taxed as income from other sources in hands of assessee

from www.taxmann.com Latest Case Laws https://ift.tt/2C59bJi
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