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Tax on accrued interest on bank fd

This query is : Resolved 
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(Querist)
20 August 2012 is there option to pay tax on cash basis or accrued basis
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
20 August 2012 Accrued Basis Only.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
20 August 2012 Accrued basis only since the Bank deduct the TDS on accrual basis only and credit of TDS can be claimed in year for which the TDS is deducted.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
20 August 2012 Even TDS Not Deducted by Bank, Say Less Than 10000 Interest, Then Also You Have to Book it as Accrued Basis Only.
No Concept of Cash Basis.
Read With Section 145.
Other Than Business Income.
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