for which amt i should file IT return

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Vijay Satvara (Querist)
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08 November 2016 Dear sir, suppose, i have invested 13 lakh in bank FD and i will receive double amt. i.e 26 lakh after 6 year. assume i have no other income and i want to file IT return , how i show my income in return anf which amt.??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 November 2016 TDS will be deducted by the bank at 10% on interest accrued. Interest accrued will be your income for filing the return.

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Amol S Joglekar

Amol S Joglekar (Expert)
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08 November 2016 you can divide the income each year as per the rate of interest. (Interest calculators are available in market or you can ask for the yearly certificate from the bank)
The choice is yours whether to show the interest per year OR show entire amount of interest in the last year

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