20 August 2012
Accrued basis only since the Bank deduct the TDS on accrual basis only and credit of TDS can be claimed in year for which the TDS is deducted.
20 August 2012
Even TDS Not Deducted by Bank, Say Less Than 10000 Interest, Then Also You Have to Book it as Accrued Basis Only. No Concept of Cash Basis. Read With Section 145. Other Than Business Income.
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