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interest on recurring deposit
whether interest on RD is to be booked on accrual or on receipt basis.
Replies (5)
Accrual basis
Dear sir,
My client govt. employee retired He recd. after retirement HALF PAY LEAVE TAXABLE OR EXEMPT?
Dear sir, My client govt. employee retired He recd. after retirement HALF PAY LEAVE TAXABLE OR EXEMPT?
| Originally posted by : AUDITOR VINOTHKUMAR | ||
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Dear sir, My client govt. employee retired He recd. after retirement HALF PAY LEAVE TAXABLE OR EXEMPT? |
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Exempted u/s. 10(10AA(i)) of IT act....
thanks a lot sir.
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