tds refund interest
This query is : Open
20 June 2017
Whether interest on tds received is taxable on receipt basis or accrual basis?
I have received interest in the month of April 2017 and it is been reflected in 26 AS of Financial year 2016_17
20 June 2017
Normally I book it on receipt basis. Opinion of other expert are welcome.
21 June 2017
Yes you may book when it has been reflected in 26AS
21 June 2017
Taxable on receipt basis only
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