Interest on fdr
This query is : Resolved
01 April 2018
Sir, I am a senior citizen I want to know in my ITR for FY 2018-19 which interest o show in ITR 1. Only interest received during the AY 2018-19 or the total interest ie. Interest received + interest receivabl both.
Pl
Advise
Subhash chandra sharma
Pl
Advise
Subhash chandra sharma
01 April 2018
As per accounting standards You ll be show the both of Interest Received and Receivable...
Also check out Your TDS details..
02 April 2018
SIr, income is taxable on received basis and accrual basis i.e interest received and interest receivable. Hence, show both the interest received and interest receivable in your ITR
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