Itr on bank fd interest

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2013 Hi,
I had a fixed deposit which has run for 3 financial year.

Finally It has matured on 3rd july 2013, and maturity amount has been credited in my account.

I have submitted 15 H every year as calculated accured interest+pension is below tax limit.

Now question is how much interest to be shown in ITR for Fy 2013-14 ,AY 2014-2015?

The whole interest i have received or the accrual interest for FY 2013-14 i.e interest accured from 1st april 2013 to 3rd july 2013 (On which whole matured amount credited in my bank account)?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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18 July 2013
Query is silent about filing of return-

Situation-1-
----------
When No return has been filed earlier:

Show interest on Accrual Basis.

.
Situation-2-
----------
When Returns have been filed earlier

and no Interest Income has been shown :-

Show on receipt basis.
.

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