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Interest income, loan by dormant co to director deemed to commence…

- - - - apportioned on time basis
  - - - non business income
        
        taxable in YA of receipt
      - business income
        
        service
        
        taxable in YA of receipt
        
        goods
        
        taxable in YA of receivable (accrual basis
- - - - requirement: loan to director, from internal fund
      - deemed to received interest income from the loans or advance
      - taxable under S4(c)
      - formula
        
        interest income whichever is higher of
        
        interest rate charge by co
        
        average lending rate