16 June 2017
Hi experts. My relative has opened 1 year FD for Rs 100000 on 1-12-2016.Interest recivivable is Rs 7196 on 1-12-2017. While filing itr for AY 17-18 whether interest should be shown proportionately or only after receiving on 1-12-17 I.e for A.Y 18-19. Please guide me. (TDS NOT DEDUCTED). Thanks in advance.
16 June 2017
Advisable to show it proportionately. (You can show it on recceipt basis as well...Follow either of the 2 and once followed continue with the same method)
CAclubindia
