Interest from fdr taxable on yearly basis

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Daya (Querist)
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13 October 2014 individual made investment in FDR whether interest taxable on yearly basis or on receipt basis or due basis.

Nikhil Kaushik (Expert)
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14 October 2014 bank will deduct TDS on accrual basis. For the deductee, the taxation will depend on the accounting system followed.

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