Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

When will interest be credited in case of CD for the purpose of income tax accounting?

Accounting Case CD credited purpose
0
Posted

When will interest be credited in case of CD for the purpose of income tax accounting?

0 CommentsAdd a Comment

1 Answer

0

Interest will be credited in our books as on 31st March, every year and is payable on the date of maturity along with the principal.

0 CommentsAdd a Comment
What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123