Interest incomes banks
This query is : Open
26 July 2016
In Form 26 AS i have received a Credit of Rs. 1030 from IOB bank. But no tds has been deducted.
I have also received a Credit of Rs. 1764 ( Saving Banks Interest) and Rs. 904 interest from Fixed Deposit from SBI.
In addition to the above i have interest accrual from savings account Rs. 1292.
Tds from my salary income of Rs. 495 has been deducted.
Now my doubt is that
In income from other sources what is the amount of interest should i mention .
and what is the exemption will get u/s 80TTA.
Please clarify...in order to file return. An will the last date for filing IT Returns will be extended..
I have also received a Credit of Rs. 1764 ( Saving Banks Interest) and Rs. 904 interest from Fixed Deposit from SBI.
In addition to the above i have interest accrual from savings account Rs. 1292.
Tds from my salary income of Rs. 495 has been deducted.
Now my doubt is that
In income from other sources what is the amount of interest should i mention .
and what is the exemption will get u/s 80TTA.
Please clarify...in order to file return. An will the last date for filing IT Returns will be extended..
Gokul Sharma
(Expert)
26 July 2016
FD Int will be taxable. saving bank Int upto 10000 will be claimed as deduction u/s 80TTA
last date is 31 july no extension
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