Tag Archives: Interest on fixed deposits

Interest on fixed deposits is Capital receipt as FDR was linked with Setting up of Power Plant

By | February 19, 2016

Facts of the case The Assessing Officer had noted that the assessee had received an amount of Rs. 70,75,843/- from State Bank of Mysore as interest on fixed deposits but that the said amount was not declared in the return of income as ‘income from other sources’. It was also noted by the Assessing Officer… Read More »