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How to Calculate Tax on Power Grid Corporation of India Investment Trust Income?

T S Khurana

T S Khurana   |382 Answers  |Ask -

Tax Expert - Answered on Feb 26, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Bhaskar Question by Bhaskar on Feb 26, 2025Hindi
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How to calculate the tax from income earned from power grid corporation of India investment trust

Ans: Income tax shall be calculated in a normal way, for any income earned from PGCI (Power Grid Corporation of India).
The only question is under which head it is to be shown ? This will depend upon the actual transactions. If it is Interest earned on any sort of loan or bonds or other credit instruments, it shall be reported under Income form Other Sources. If it is against any professional Services, it may be reported under the head "Business or Profession". Income of any other nature shall be reported suitably, under proper head of income in your ITR.
Most welcome for any further clarifications. Thanks.
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