EXEMPTED INTEREST ON FDR in itr 1
This query is : Resolved
Quick Summary
23 September 2021
Where to show the exempted interest received on FDR in ITR 1
23 September 2021
How can interest on FDR be exempted?
It is to be declared under IFOS.
It is to be declared under IFOS.
24 September 2021
It is less than Rs. 40000/-
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' ....
Declare it under Schedule 'Other Sources' ....
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