Interest on saving a/c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2013
SIR
I RECEIVED INTEREST FROM THE BANK RS 658/-FOR THE F.Y 2012-13, AND CHARGES DEBIT BY THE BANK IS RS 256/- IN THE PERIOD 2012-13.
PLEASE LET ME KNOW WHAT AMOUNT WILL BE ADD IN MY INCOME
RS 658/- OR
RS 658-256 =402
THANKS & RGDS
MUKESH KUMAR
I RECEIVED INTEREST FROM THE BANK RS 658/-FOR THE F.Y 2012-13, AND CHARGES DEBIT BY THE BANK IS RS 256/- IN THE PERIOD 2012-13.
PLEASE LET ME KNOW WHAT AMOUNT WILL BE ADD IN MY INCOME
RS 658/- OR
RS 658-256 =402
THANKS & RGDS
MUKESH KUMAR
29 July 2013
intt. to be taxable rs.658
29 July 2013
bank charges is not considered if you are not an business entity
if you are individual assesse you can claim deduction under section 80 tta for interest on saving bank up to 10000
so show interest in income from other sources and claim deduction under section 80 tta in return for the amount not exceeding interst received
if you are individual assesse you can claim deduction under section 80 tta for interest on saving bank up to 10000
so show interest in income from other sources and claim deduction under section 80 tta in return for the amount not exceeding interst received
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