Treatment of fd interest

ROHIT GARG (student ca final) (484 Points)

21 June 2012  

 

What is the treatment of interest on FD While Making BAL Sht under provision of Sec 44 AB???
Case 1. When FD mature in Current Year.
Case 2. When FD mature in any Next Year.
 
IS propotionate Interest is required to calculate.
or full amount of interest will be treated as income in year of maturity??