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of <h1>Taxation of Interest, Royalty, and Dividend: Collection Certainty Not Required; Section 43D Overrides ICDS Standards.</h1> The condition of reasonable certainty for the collection of interest, royalty, and dividend is not required for their taxation. Taxpayers must account for such income even if collection is uncertain. Interest accrues over time, while royalty accrues based on contractual terms. If these amounts are not recovered, they can be claimed as deductions due to amendments in section 36(1)(vii). Additionally, the provisions of the Income Tax Act, such as Section 43D, take precedence over the Income Computation and Disclosure Standards (ICDS).
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