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Cooperative Banks: Interest on NPAs Taxable Only When Received, Not on Accrual Basis.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Interest accrued on NPA - whether non-performing assets in the hands of the assessee- Cooperative Banks is taxable on accrual basis or not? - interest on NPA's is taxable in the year of receipt.....

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