Menu
savings bank interest
if interest is capitalised in 31st march 16 in bank accnt but received in 01.04.17..so in which year i have to recognise it
Replies (4)
AY 2016-17.
Dear Friend,
It has to be recognised in the FY 2015-16, it is irrelevant when to receive, as Income is going to be recognised on accrual basis.
Agree with Mr. Junaid
It Depends on which method you follow. Whether you follow the accrual method or on actual basis.
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
