Friday, September 11, 2020

Interest on Bank Deposits is also eligible to be included in profits of 100% EOU for claiming Deduction: Madras HC [Read Judgment]

The Madras High Court held that the interest on bank deposits is also eligible to be included in profits of 100% Export Oriented Unit (EOU) for claiming deduction under Section 10A or 10B of the Income Tax Act. The assessee, M/s.Sankhya Technologies Pvt Ltd. was denied set off of income from other sources against business […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2ZJo9kj

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