Income tax on bank fd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2013
Hi,
I had a fixed deposit which has run for 3 financial year.
Finally It has matured on 3rd july 2013, and maturity amount has been credited in my account.
I have submitted 15 H as calculated accured interest+pension is below tax limit.
Now question is how much interest to be shown
for Fy 2013-14.
The whole interest i have received or the accural interest for FY 2013-14
I had a fixed deposit which has run for 3 financial year.
Finally It has matured on 3rd july 2013, and maturity amount has been credited in my account.
I have submitted 15 H as calculated accured interest+pension is below tax limit.
Now question is how much interest to be shown
for Fy 2013-14.
The whole interest i have received or the accural interest for FY 2013-14
17 July 2013
You mean to say in 15H. Obviously interest for FY 2013-14 as you must have already accounted for interest of earlier years in your earlier income tax returns.
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