Hi,

I am bit confused about the Financial year in which I should consider income from my Fixed Maturity plan (FMP).  Here are the details:

I invested in an FMP on 15th March 2013, this will mature on 4th April 2014 (so i get double indexation). Thus realization of income will happen in FY 2014-15.  We know that for cumulative FDs, one considers the accrued income in every FY and pays taxes on it, even though actual realization may happen later. So similarly do I need to consider my FMP accrued income while paying tax this year i.e under FY 2013-14? Or everything to be paid in FY 2014-15?

Note that am aware of the tax computation via indexation on debt funds, my only confusion is under which FY should I consider the income.

Thanks in advance!

Regards,

Vaibhav