Treatment of interest on fd
This query is : Resolved
ROHIT GARG
(Querist)
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??
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??
Ca Anand Dubey
(Expert)
22 June 2012
you should recognise proportionate interest
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