Ios
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2013
Incase of investment of securities if the due dates for interest are 31 dec and 30 june and the assessee follows mercantile sysytem of accounting then interest is chargeable on due basis over here due basis means that interest for an to march will also be taxed or it means due date of interest paymenti.e 30 june
09 November 2013
yes. If you are accounting on accrual basis, interest upto 31 March should be included.
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