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Interest on debenture

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(Querist)
18 December 2013 Firm has invest in debenture on which interest has accrued to the extent of Rs.100000 though not due during the year, whether taxable to the firm ?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
18 December 2013 not taxable now.

it is taxable when it is received.

as tds will be deducted at the time of payment.

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