Interest on bank fixed deposit not credited to account taxable on mercantile basis-High Court
December 23, 2017
High Courts, Income Tax, Judgments
Interest on bank fixed deposit not credited to account taxable on mercantile basis. It is no defense that TDS was not deducted by bank and hence accrual did not arise -High Court Prelude: Taxation of interest on fixed deposits made with banks have often been seen the litigation. One …