Hi All
As we all know, Interest from 54ec bonds is taxable and TDS deduction is not ablicable
Please anyone clarify whether actual interest payment or accrued interest to be taken. As Interest is pain in subsequent FY April month.
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Taxability of Interest from 54ec bonds
Replies (1)
Accrual interest. (the interest paid in first week of next April is for preceding FY.)
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