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B) Interest earned, instead of paid, during a bond year, must be accrued after the bond year and reported as taxable income for that calendar year in the fact that the bond year ends.
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3 A 3. All individuals devote tax @ 15.00 % of earnings over first Rs. 4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in dynamics and source of income.
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