Income tax return
This query is : Resolved
D.A. Rupawala
(Querist)
05 July 2012
Assessee has kept NRO fixed deposit with bank. Bank has deducted TDS on interest payment @30%. Assessee has other professional income in India and filing income tax return. whether interest earned on NRO FD and TDS should be considered while filing IT return and has to be clubbed with other income and TDS?
05 July 2012
Yes such interest is taxable and should be declared in the return along with the TDS deducted thereon.
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