https://www.taxtmi.com/circulars?id=4773 Interest on cumulative deposit schemes of Government undertakings is taxable in the year in which it accrues; such interest must be treated as annual income rather than being taxed only on receipt. Government undertakings are required to inform depositors of the accrued interest amounts to enable disclosure in their income-tax returns. en-us Mon, 21 Nov 1983 00:00:00 +0530 Sat, 02 Aug 2008 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4773 Interest on cumulative deposit schemes of Government undertakings is taxable in the year in which it accrues; such interest must be treated as annual income rather than being taxed only on receipt. Government undertakings are required to inform depositors of the accrued interest amounts to enable disclosure in their income-tax returns. Circulars Income Tax Mon, 21 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4773