Help on filling interest income in itr2, 13-14
This query is : Resolved
Guest
Guest
(Querist)
24 July 2013
Hello experts,
Please help me regarding my doubts on interest income.
1. Where will interest income from Post Office Senior Citizen saving Scheme go? Will it go to Sch. OS 1b (interest, gross), clubbed with other bank FD and NSC interest or will it be shown as other income in Sch. OS 1d?
2. Will Sch. OS 1b (interest, gross), also include exempted savings bank interest, that is already mentioned under section 80TTA?
3. What will go under exempt interest in Sch. EI, 1? Will Savings Bank interest also come here or will S/b interest will go only under 80TTA under chapter VIA?
Thanks
Please help me regarding my doubts on interest income.
1. Where will interest income from Post Office Senior Citizen saving Scheme go? Will it go to Sch. OS 1b (interest, gross), clubbed with other bank FD and NSC interest or will it be shown as other income in Sch. OS 1d?
2. Will Sch. OS 1b (interest, gross), also include exempted savings bank interest, that is already mentioned under section 80TTA?
3. What will go under exempt interest in Sch. EI, 1? Will Savings Bank interest also come here or will S/b interest will go only under 80TTA under chapter VIA?
Thanks
24 July 2013
You have to fill at OS 1b. and Only Savings bank interest will come under section 80TTA and interest on NSC will comes under section 80C.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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Guest
Guest
(Querist)
24 July 2013
Thanks for your prompt reply. Can you kindly clarify my point no. 3.
Which interest income comes under Sch. EI 1. that is exempted interest?
Which interest income comes under Sch. EI 1. that is exempted interest?
24 July 2013
Interest on PPF is exempt and will be shown in Sch. E1 1.
24 July 2013
Yes, Interest on PPF exempted to tax so it comes under sch EI.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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