Intarest in p/l a/c in itr4
This query is : Resolved
02 February 2013
dear sir
there is a column in itr4 under head OTHER INCOME is intarest income, hence intarest income from bank savings account show in this column or show under schedule "OS" PLEASE ADVICE ME.
there is a column in itr4 under head OTHER INCOME is intarest income, hence intarest income from bank savings account show in this column or show under schedule "OS" PLEASE ADVICE ME.
CA PARAS BAFNA
(Expert)
02 February 2013
If you have shown Interest on SB A/c in P&L A/c, mention under the head OTHER INCOME.
.
If you are showing SB A/c Interest in Capital account directly, you have to show under the Head IFOS and consequently to Schedule "OS".
.
.
If you are showing SB A/c Interest in Capital account directly, you have to show under the Head IFOS and consequently to Schedule "OS".
.
NITIN SHARMA
(Expert)
04 February 2013
You should show bank intrest in sch.OS.
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