Taxability of interest accrued on the Kisan Vikas Patras

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (see [1988] 172 ITR (St.) 24), 16-12-1991 (see [1992] 194 ITR (St.) 222), 24-04-1992 (see [1992] 198 ITR (St.) 169) and 02-09-1993 (see [1993] 204 ITR (St.) 142) had specified the amount payable on these after 2« years and up to the date of maturity. However, interest and maturity amount during 2« years had not been provided in these notifications. 2. As interest on these Patras has to be as....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....st Maturity value Rate of interest Maturity value (Notification dated 23-3-1988) (Notification dated 16-12-1991) (Notification dated 24-4-1992) (Notification dated 2-9-1993) (1) 1 Year 10 1,100 12 1,120 12 1,120 11 1,110 (2) 2 Years 10 1,220 12 1,260 12 1,260 11 1,240 (3) 2 Years & 6 Months 10 1,280 12 1,340 ....