Interest paid and accrued which considered in income tax
This query is : Resolved
24 July 2017
sir,
Incometax Calculation what we considered Interest paid and Interest accrued on FDS in bank copy taken they are showing interest paid and interest accrued separately , which I want to show in income from other sources
please kindly help me in this regard
Incometax Calculation what we considered Interest paid and Interest accrued on FDS in bank copy taken they are showing interest paid and interest accrued separately , which I want to show in income from other sources
please kindly help me in this regard
K Srinivas, CMA CS
(Expert)
24 July 2017
Taxability arises during income received or accrued whichever is earlier. You need to show both under Income from other sources
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