IF INTEREST IS RECEIVED ON COMPENSATION FROM INSURANCE COMPANY FROM THE YEAR 2008. WHEN IT IS TAXABLE ????
3 Replies
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 24 July 2012
Yes it is taxable.
nikhil
((CA Final) Article)
(363 Points)
Replied 24 July 2012
the year in which interest is received ...
Devendra Singh
(Chartered Accountant)
(487 Points)
Replied 25 July 2012
| Originally posted by : nikhil | ||
 |
the year in which interest is received ... |
 |
agreed with nikhil.....the full amount of interest is taxable in the year in which it is actually received....
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