RECEIPT OF INTEREST ON DEBENTURES

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..... A company made an investment in debentures on which interest is received after deduction of tds. Interest is received for period from 01/01/12 to 31/03/12 but same is received on 05/06/12. Now, I .....

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..... want to know whether same should be accounted on receipt basis in financial year 2012-13 or same should be booked first on mercantile basis in financial year 2011-12 and then book receipt of interest .....

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..... recoverable in financial year 2012-13. - Reply By Naresh Rinwa - The Reply = It has to be booked as per mercantile basis and it should be shown as interest receivable. and compute the income tax acc .....

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..... ordingly. - RECEIPT OF INTEREST ON DEBENTURES - Query Started By: - S.C. WADHWA Dated:- 18-6-2012 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expe .....

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..... rt, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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