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FAQs

Subject - Purging

Impure Income

Date: 17 SEP 2022
Answered By: Management

Question

What is disguised Interest income

Answer

Disguised interest income is that income which is not reported as interest in the financial statements. Instances of such disguised interest income are the dividends received on preference shares or dividends or appreciation from debt/liquid mutual funds, appreciation on purchase price of debt-based securities, bonds, etc.