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Hybrid Systems of accounting

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(Querist)
02 October 2024 whether in the case of maintain books of accounts of individual for interest received to be maintained Receipt basis or accrual basis or Hybrid systems
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 October 2024 Account it on hybrid basis. Accrual basis on bank interest and TDS deducting interest and on cash basis others.
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