EASYOFFICE
EASYOFFICE

Interest of FDs is taxable on accrual basis also

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 October 2024 whether interest accrued on FDs is taxable on accrual basis also. whether interest receivable on taxable on accrual bsisi also.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
31 October 2024 No, It is taxed on annual basis, though the interest being accrued to principal.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links