https://www.taxtmi.com/circulars?id=4647 Interest under reinvestment, recurring deposit and similar schemes is treated on an accrual basis: interest calculated at the stipulated annual rate for each year is taxable as income accrued in that year, and the annual interest so allocated is eligible for deduction under section 80L. en-us Thu, 22 Jun 1978 00:00:00 +0530 Fri, 01 Aug 2008 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4647 Interest under reinvestment, recurring deposit and similar schemes is treated on an accrual basis: interest calculated at the stipulated annual rate for each year is taxable as income accrued in that year, and the annual interest so allocated is eligible for deduction under section 80L. Circulars Income Tax Thu, 22 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4647