Interest received on Fixed Deposit/SSNL Bonds constitutes Business Income, can be included for calculating Remuneration of Partners: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the amount of interest on fixed deposit/SSNL Bonds would constitute business income and the same can be included for calculating the remuneration of the partners. The two-member bench comprising Judicial Member Mr. Mahavir Prasad and Accountant Member Mr. Amarjith Singh was considering an appeal […]
http://dlvr.it/SBN3jq