Why Interest From Kisan Viaks Patra Must Be Shown Every Year!

0
1320
Print Friendly, PDF & Email

Can paying tax on interest accrued on investments in KVP / NSC / GOI bonds be deferred for a year ie based on receipts? Melwyn D’souza Interest income is generally assessed under the head “Income from other sources”.There are two general methods of accounting of income or expense. The receipt basis (Cash accounting ) or…

This content is for annual and Semi Annual members only.
Log In Register