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)?
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)?
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.
.
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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