I have Rs. 1.50 Lacs investment in KYC, It will mature in next month.
Whether interest component will be chargable to tax or exempt (please mention section if possible).
Plz suggest
2 Replies
CA Pramod Jain
(manager finance)
(1577 Points)
Replied 19 January 2010
its taxable and u shud hv accounted interest income on accrual income basis, howevr still it is taxable in any case
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