Interest Income from Fixed Deposit is eligible for Deduction u/s 80IA: ITAT [Read Order]

Interest Income from Fixed Deposit - Interest Income - Income from Fixed Deposit - Fixed Deposit - Deduction - ITAT - Fixed Deposit is eligible for Deduction - taxscan

The New Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the interest income earned on fixed deposit by bank and all other interest income was eligible for deduction under Section 80IA of the Income Tax Act, 1961. M/s. Viramgam Mahesana, the appellant assessee was engaged in the business of developing of any infrastructure…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader