Taxability of interest accrued on the Kisan Vikas Patras

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..... ee [1992] 194 ITR (St.) 222), 24-04-1992 (see [1992] 198 ITR (St.) 169) and 02-09-1993 (see [1993] 204 ITR (St.) 142) had specified the amount payable on these after 2« years and up to the date of maturity. However, interest and maturity amount during 2« years had not been provided in these notifications. 2. As interest on these Patras has to be assessed to income-tax on accrual basis, the amount .....

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..... 3-3-1988) (Notification dated 16-12-1991) (Notification dated 24-4-1992) (Notification dated 2-9-1993) (1) 1 Year 10 1,100 12 1,120 12 1,120 11 1,110 (2) 2 Years 10 1,220 12 1,260 12 1,260 11 1,240 (3) 2 Years & 6 Months 10 1,280 12 1,340 12 1,340 11 1,310 (4) 3 Years 11 1,380 13 1,460 13 1,460 12 1,420 (5) 3 Years & 6 Months 11 1,450 13 1,550 13 1,550 .....

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