Taxability of Interest from 54ec bonds

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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. 

Replies (1)

Accrual interest. (the interest paid in first week of next April is for preceding FY.)

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