Carry forward of fd accrued interest
This query is : Resolved
17 July 2019
My salary income in the FY is high and hence all the FD accrued interest is getting taxed at 30%. The bank has already deducted 10% TDS on the accrued interest. I need to pay the remaining tax at the time of filing the returns. Can I carry forward this accrued interest to the next FY and pay the tax on the accrued FD interest for 2 FYs together? I will not show the FD accrued interest income or claim the deducted TDS this FY. Is this or any similar arrangement possible?
31 May 2020
Accrued interest are not taxable....It will be taxed at maturity of FD
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