Your queries: Income Tax- Stick to either accrual or cash method of interest accounting
[ad_1] By Chirag Nangia What is the difference between interest earned, interest paid and interest accrued. Which of these should be taken for computation of income (from fixed deposits) for tax purposes? —T V Mahadevan Earned interest is the rate of interest that an investment earns on the principal amount. Accrued interest is interest that …
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