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Treatment of interest on fd

This query is : Resolved 

21 June 2012 What is the treatment of interest on FD While Making BAL Sht under provision of Sec 44 AB???
Case 1. When FD mature in Current Year.
Case 2. When FD mature in any Next Year.

IS propotionate Interest is required to calculate.
or full amount of interest will be treated as income in year of maturity??

22 June 2012 you should recognise proportionate interest



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