Fdr interest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2016 is it need to calculated interest on Cumulative basis or not?? if we take FDR for 6 months 3months in previous year is it we need to calculated interest for 3 months??

and

if FDR for 5 year we have Tax saver at the time also need to calculated interest on cumulative basis??

please answer us///

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

09 September 2016 it will depend upon the accounting system followed by the assessee. The choice is with the assessee whether to go by CASH system or ACCRUAL system

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok