tax treatment of iinss-bond

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how and when I have to show the interest of inflation indexed national saving scheme - cumulative bond.?
Replies (7)

Every year on accrual basis you have to show interest and when actually received that account will be nullified.

but ma'em if assessee has forgotten to show the amount of hinsa -c bond in last ay return. what should he have to do

Show it now as prior period item and rest of current year

ma'am please please explain it

Show it in current year and the part which pertains to previous year show it as previous year prior period item rest of current year show it as normal receivable

in itr there is no separate column for previous or current year
then how I treat as you advised me

If you are not under Audit clause then no need to show prior period item separately

Just show in your books and in ITR show it together


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