Form 16a details
This query is : Resolved
28 February 2013
I wanted to know that if my income tax slab is 20% and TDS on FD by bank is 10%. Will interest payable be a part of my income and do I have to pay remaining amount? I do not see any provision of declaring interest amount in ITR-2 excel utility? Please help.
Dintakurthi Tirumala
(Expert)
28 February 2013
Yes, you have to pay interest amount on the self assessment tax paying by you.
For which interest you are asking to disclose in ITR-2 Is it for Interest amount received from Bank on FD then it would be disclose at the Other Income option. Or in case you asking about Interest on self assessment tax paid amount there is an option for interest u/s234A at the PART B TI-ITT sheet please fill it.
OM SAI SRI SAI JAI JAI SAI
For which interest you are asking to disclose in ITR-2 Is it for Interest amount received from Bank on FD then it would be disclose at the Other Income option. Or in case you asking about Interest on self assessment tax paid amount there is an option for interest u/s234A at the PART B TI-ITT sheet please fill it.
OM SAI SRI SAI JAI JAI SAI
28 February 2013
Hi,
Yes you may be required to pay. You have to show it as income from other sources.
Thanks!!
Yes you may be required to pay. You have to show it as income from other sources.
Thanks!!
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