Income tax on fd if a od on it
Querist : Anonymous
I have an FD and need to include the interest an income while filing the return. I have taken an OD for on this FD for some months during the FY 12-13. So Can I reduce the interest which I paid for OD from the interest gained on FD and show only the difference as income while filing IT return? Requesting the expert suggestions. Thanks
.
Querist : Anonymous
Citation :- CIT vs. Dr. V. P. Gopinathan [248 ITR 449] (SC).
Click here to login now
Similar Resolved Queries
- Income Tax Return under Old Regime for A.Y. 2025-26
- Penalty on Senior citizens
- Disturbing entry reflected in AIS increasing scope of notice u/s 69
- Capital gains-3.7.25
- It return filing query
- IT Return - other income
- RENTAL INCOME-GST
- 54 Capital Gain Exemption
- Appropriate IT return form
- TCS on travel expesnes
- Clarification on Monthly Reset of Invoice Serial Numbers under GST
- ANNUAL RETURN OF COMPOSITION DEALERS
- Amendment in E-Invoicing
- Data Error in Offline Utility of GSTR1
- Regarding additional late filing fees under TDS return intimation
- Penalty and interest rate by gst department for delayed payments
- NRE bank accounts in ITR
- Reversal and Reclaim issues
- F & O TURNOVER CALCULATION FOR TAX AUDIT
- Notice for non filing Form GSTR-4 (Annual)
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
