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

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

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..... The private sector undertakings will intimate the individual depositors about the accrued interest so as to enable them to disclose it in their returns of income filed before the income-tax authoriti .....

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