Interest on FDR is taxable on Accrued basis or cash basis???
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Taxability of Interest on FDR
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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....
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