Question ID : 851
whether interest received u/s 244A be treated as income from business or as income from other sources in the case of a banking co operative society
The assessee here is a co operative socity dog bankg busess.Durg the assessment year 2004-05 it received a sum of Rs.8,120 as ter u,s 244A of the come tax act.The querry is :whether the said ter received u,s 244A of the come tax Act,1961 be treated as part of come from busess eligible for deduction u,s 80P or be treated as come from other sources so that deduction u,s 80P cannot be cimed. '
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