NSS INETERST
This query is : Resolved
21 July 2010
NSS ACCURED INTEREST IS TAXABLE OR NOT ? PLEASE HELP
21 July 2010
it is taxable
21 July 2010
it depends of the assessee's choice.. u/s 145 assessee may follow either cash or merchantile system of accounting regularly employed by the assessee for income from other sources
if he follows cash basis, then he need not offer for tax
if he follows cash basis, then he need not offer for tax
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