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
Rupesh Jain
(Expert)
29 July 2013
intt. to be taxable rs.658
Ganeshbabu K
(Expert)
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
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GST input credit on commercial property
- ETDS return q4 25-26
- Intimation under section 245
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
