Interest on goi bond

D.P.Saraf (partner) (24 Points)

18 February 2021  

The assessee follow mercantile system of accounting. He purchased 8% government of India (Taxable) saving bonds in 2011 and showing interest every year . Bonds matured in 2017 and TDS was deducted on whole interest. AO wants to add whole interest in the year of maturity on the basis of 26AS.