Interest on bank fd clarification needed
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2013
Hi,
I am a salaried person.
So I know My financial years income.
Now I have bank fixed deposits interest paid at maturity for 2 years.
Opened on 1st july 2013-1st july 2015.
So while calculating income for other source should i calculate july 2013-march 2014's interest?(9 months)
If i found my salary income + this interest is not taxable can I submit 15G.
For finanacial yr 2014-15 should i calculate 12 mnths interest.
For financial yr 2015-2016 should i calculate 3 mnths interest (ie apr 2015, may 2015, june 2015) as interest from other source? It matures in 2015-2016 fy. on 1st july.
Please advise
I am a salaried person.
So I know My financial years income.
Now I have bank fixed deposits interest paid at maturity for 2 years.
Opened on 1st july 2013-1st july 2015.
So while calculating income for other source should i calculate july 2013-march 2014's interest?(9 months)
If i found my salary income + this interest is not taxable can I submit 15G.
For finanacial yr 2014-15 should i calculate 12 mnths interest.
For financial yr 2015-2016 should i calculate 3 mnths interest (ie apr 2015, may 2015, june 2015) as interest from other source? It matures in 2015-2016 fy. on 1st july.
Please advise
18 April 2017
Very old query need to be closed now
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Last year TDS Claim
- NON- SUBMISSION OF LLP FORM 3
- Free lancer income
- LTCG for Assmt year 26-27
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
