While filing your ITR, the accrued interest paid on purchasing a bond can be deducted from your total interest income. Mention it under “Income from Other Sources” and claim the deduction to avoid double taxation on the same interest.
While filing your ITR, the accrued interest paid on purchasing a bond can be deducted from your total interest income. Mention it under “Income from Other Sources” and claim the deduction to avoid double taxation on the same interest.