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Re: Requirement-Deduction of TDS on 31st march for Interest at maturity FD

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Hi Prasad,

 

In case of simple interest FDs, the cash flow of interest is not happening in between. The cash flow happens only on maturity.

The TDS needs to be debited from accrued interest without any actual interest cash flow.

 

This is the requirement of the client. How can we achieve this?

Also, the accounting needs to be taken care in this case.

 

Regards,

Rohan


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