20 September 2014
ok. you still can offer on accrual basis.
For eg if you have Rs 1 lakh FD at 10% interest. Then offer Rs 10000 interest every year for taxation. This would help you to spread tax liability over years.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
20 September 2014
I have already e-field my return and should send the form through post to cpc, Bangalore.
I have not filled any of the details below in my returns, as I was unaware of it.
My 5-year fd details are below:
1. In July 2012, deposited 50,000 Maturity date: July 2017, amt: 79,955
2. October 2013, deposited 50,000 Maturity date: Oct 2018, amt: 77,077
3. January 2014, deposited 10,000 Maturity date: Jan 2019, amt: 15,415