Interest on fixed deposit
This query is : Open
20 May 2016
Sir,
I have kept Fixed deposit in Govt bank and three four year i have renewed every year for one or two year.
and my period also between two financial year. i.e 2014-15 to 2015-16 and 2015-16 to 2016-16.
Please tell me how can i considered interest amount in my ITR return
example : 1)fixed amount Rs. 25000/- dated 18.05.2015 interest is Rs. 2000/- at the rate of 8% which is period 18.05.2015 to 18.05.2016 2) Rs. 20000/- dated 20.11.2015 interest is Rs. 1600/- at the rate of 8% which is period 20.11.2015 to 20.11.2016.like.
Shall i take full amount of interest Rs. total Rs. 3600/- whole year in financial year 2015-16 or bifurcated for the financial year 2015-16 and 2016-17.
Kindly solve my query.
I have kept Fixed deposit in Govt bank and three four year i have renewed every year for one or two year.
and my period also between two financial year. i.e 2014-15 to 2015-16 and 2015-16 to 2016-16.
Please tell me how can i considered interest amount in my ITR return
example : 1)fixed amount Rs. 25000/- dated 18.05.2015 interest is Rs. 2000/- at the rate of 8% which is period 18.05.2015 to 18.05.2016 2) Rs. 20000/- dated 20.11.2015 interest is Rs. 1600/- at the rate of 8% which is period 20.11.2015 to 20.11.2016.like.
Shall i take full amount of interest Rs. total Rs. 3600/- whole year in financial year 2015-16 or bifurcated for the financial year 2015-16 and 2016-17.
Kindly solve my query.
20 May 2016
take the actual interest earned in each fy ..
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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Copyright software
- Value of property in capital gain
- When TDS on GST applied
- Annual return in Gst
- FORM 26A APPLICABILITY
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
