interest on securities
PRAVIN SHARMA (25 Points)
22 October 2017
interest on securities is taxable on due basis or receipt basis
1 Replies
Arjun Gupta
(Chartered Accountant)
(177 Points)
Replied 22 October 2017
Following mercantile system of accounting, interest on securities is taxable on accrual basis i.e. due basis
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