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.

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".
.

04 February 2013 You should show bank intrest in sch.OS.


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