Interest in fixed deposit
This query is : Resolved
Manoj Prasad
(Querist)
04 February 2014
I have a fixed deposit with SBI for Rs.50000/- for 3-years, after three maturity value will be Rs.64300/-
now please tell me how to show this Fixed Deposit in my Balance Sheet.and IT return
what amount Rs.50000/-only or including interest, if interest what will be for 1st year...
now please tell me how to show this Fixed Deposit in my Balance Sheet.and IT return
what amount Rs.50000/-only or including interest, if interest what will be for 1st year...
Dheerendra
(Expert)
04 February 2014
YOU HAVE TO SHOW IN RETURNS EVERY YEAR WHAT INTEREST YOU EARNED AND FOR YEARLY INTEREST DETAILS YOU CAN OBTAIN SEPARATE BANK STATEMENT FOR F.D PURPOSE FROM YOUR BANK.
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