IF INTEREST IS RECEIVED ON COMPENSATION FROM INSURANCE COMPANY FROM THE YEAR 2008. WHEN IT IS TAXABLE ????
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Taxability of interest received in arrears
Replies (3)
Yes it is taxable.
the year in which interest is received ...
| Originally posted by : nikhil | ||
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the year in which interest is received ... |
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agreed with nikhil.....the full amount of interest is taxable in the year in which it is actually received....
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