Accrual of income - Income from interest on securities - When an ...

Interest Income Accrues Only on Specified Date in Agreement, Not Before, as Supported by Case Law.

January 18, 2023

Case Laws Income Tax HC

Accrual of income - Income from interest on securities - When an instrument or an agreement stipulates interest to be payable at specified date, interest does not accrue to the holder thereof on any date prior thereto. Interest would accrue or arise only on the date specified in the instrument. - HC

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Accrual of income - Income from interest on securities - When an ...

Interest Income Accrues Only on Specified Date in Agreement, Not Before, as Supported by Case Law.

January 18, 2023

Case Laws Income Tax HC

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