interest income
This query is : Resolved
CA CWA Yugandar PR
(Querist)
09 February 2009
i had short term deposit and got interest for that 191000 and this will part of total income so is there any deduction for this under which section.the interest for savings account are also to be included in other sources head. so any deduction for both interest are available r not.
09 February 2009
There is no specific deduction against the Interest income from Term Deposits or Savings Bank Interest.
CA.Tarun Maheshwari
(Expert)
09 February 2009
No
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