Interest on FDR is taxable on Accrued basis or cash basis???
Menu
Taxability of Interest on FDR
Replies (1)
It is taxable on both basis. Depends how you want to do it. If you want to tax it on accrual basis, than you have to offer interest income regularly and cannot change accounting later on.
Advisable is to taxed at time of maturity. If tds is deducted than you can claim it once....
Recent Topics :
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
Related Topics :
CAclubindia
