Interest from term deposit
This query is : Resolved
23 August 2015
Dear Sir/Mam,
I have submitted my IT return of AY 2015-16 for 1st time.But actually by mistake did not showed my interest income from FD in Bank. Please reply whether IT dept may claim tax on it in future? or I ' ll be liable for penalty ?
23 August 2015
Since you have filed the return within due date it is advisable to file revised return u/s 139(5) by including the FD interest under other income and paying taxes, if any.
30 August 2015
As you have submitted return before due date, you can revise return showing correct income.
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