Income from other source
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 October 2013
if i have taken a bank deposit for the current year worth rs 10000 for 5 years @ 9% interest. should i include rs 900 as income from other source source for the current year or 4500 at the 5th year as income from other source?
which one is correct?
which one is correct?
23 October 2013
It must be shown on receipts basis if u following cash system of accounting.
but if u follow mercantile then show aS 900 evrry year.
but if u follow mercantile then show aS 900 evrry year.
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