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Interest on cumulative deposit schemes of private sector undertakings-Taxability-Regarding

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....mulative deposit schemes of private sector undertakings-Taxability-Regarding Circular No. 409 Dated 12/2/1985 The issue regarding taxability of interest on cumulative deposit schemes of the p....

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.... should be taxed on accrual basis annually. 3. The private sector undertakings will intimate the individual depositors about the accrued interest so as to enable them to disclose it in their return....

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