https://www.taxtmi.com/circulars?id=9863 Accrued interest on instruments that deem interest to accrue and be reinvested, such as certain National Savings Certificates and cumulative bank term deposits under reinvestment plans, must be included in the assessee's net wealth; where interest is actually paid periodically the accrual treatment does not apply. The accrued interest is taxable on annual accrual and is eligible for the Wealth-tax Act deductions available for bank deposits and savings certificates. en-us Thu, 11 Jan 1990 00:00:00 +0530 Thu, 09 Jun 2011 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9863 Accrued interest on instruments that deem interest to accrue and be reinvested, such as certain National Savings Certificates and cumulative bank term deposits under reinvestment plans, must be included in the assessee's net wealth; where interest is actually paid periodically the accrual treatment does not apply. The accrued interest is taxable on annual accrual and is eligible for the Wealth-tax Act deductions available for bank deposits and savings certificates. Circulars Income Tax Thu, 11 Jan 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9863