Interest on fixed deposit
This query is : Resolved
07 June 2016
Sir,
I have applied interest paid certificate on Fixed deposit and accordingly they are given me but i am confused how to show is in my return. they are provide information as below:
example: FY 2013-14 outstanding amount as on 31.03.2014 Rs. 25000/-
interest credited 0.00
interest paid 0.00
FY 2014-15 outstanding amount as on 31.03.2015 Rs 30000/-
interest credited 0.00
interest paid 0.00
FY 2015-16 outstanding amount as on 31.03.2016 Rs .35000/-
interest credited 0.00
interest paid 0.00
above referred fixed deposit is my single FD kept bank and i have renewed year every.
So how can i shown it in ITR whether interest amount Rs. 5000/- every year or leave the interest amount
kindly solve my query
I have applied interest paid certificate on Fixed deposit and accordingly they are given me but i am confused how to show is in my return. they are provide information as below:
example: FY 2013-14 outstanding amount as on 31.03.2014 Rs. 25000/-
interest credited 0.00
interest paid 0.00
FY 2014-15 outstanding amount as on 31.03.2015 Rs 30000/-
interest credited 0.00
interest paid 0.00
FY 2015-16 outstanding amount as on 31.03.2016 Rs .35000/-
interest credited 0.00
interest paid 0.00
above referred fixed deposit is my single FD kept bank and i have renewed year every.
So how can i shown it in ITR whether interest amount Rs. 5000/- every year or leave the interest amount
kindly solve my query
Amol S Joglekar
(Expert)
07 June 2016
you should also give the dates of deposit and dates of maturity for a clear answer.
In the absence of that, 5000 should be taken as interest for that year.
In the absence of that, 5000 should be taken as interest for that year.
Rupesh Jain
(Expert)
07 June 2016
you have to show the intt under the income from other sources head as interest on FDR.
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