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EXEMPTED INTEREST ON FDR in itr 1

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(Querist)
23 September 2021 Where to show the exempted interest received on FDR in ITR 1
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
23 September 2021 How can interest on FDR be exempted?
It is to be declared under IFOS.
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ANIL MATHUR

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ANIL MATHUR (Querist)
24 September 2021 It is less than Rs. 40000/-



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 September 2021 It means TDS will not be deducted, but it is not tax-free. Only for Senior Citizens the deduction upto Rs.50,000/- can be claimed u/s. 80TTB.
Declare it under Schedule 'Other Sources' ....

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