Dear All,
Can any one please clarify on the below query?
How is the interest taxable on a cummulative company fixed deposit (Ex. Bajaj Finserv deposit)? Is the tax to be paid on accrual basis as we do for bank FDs (or) is it payable one-time at the time of getting the maturity proceeds at the end of the term?
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Malhotra Rajesh & Associates
New Delhi
B.Com
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CCI
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