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Income from interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2014 Dear Experts,

Please suggest how can i show income from interest on saving a/c in ITR 4

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24 October 2014 you need to show it as Other Incomes in "OS" sheet.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2014 sir whether i have show it as exempt income also??




25 October 2014 Show it as Interest in OS Sheet. Then claim deduction u/s 80TTA. Deduction available on Saving Bank interest u/s 80TTA is Actual or Rs 10000/- whichever is less. Not to be shown as exempted income. It is not an exempted income you are only getting deduction u/s 80TTA.



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