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Ask Mint Money | Interest earned on savings bank accounts and FDs taxable

An individual can either offer “income from other sources” on cash (receipt) or mercantile (accrual) basis

Parizad Sirwalla, partner (tax), KPMG

First Published: Thu, Jul 05 2012. 09 06 PM IST

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First Published: Thu, Jul 05 2012. 09 06 PM IST

More Topics: Ask Mint Money | Interest | Savings Account | FDs | Bank |

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You can claim interest on a loan after construction is over

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