Tax on Interest on Public deposit and Interest on debentures
This query is : Resolved
15 July 2010
Can any one tell.. me wethre the interest should be added to the Income U/s 56, even though the interest is not received by the assessee. Form 16A has been sent to the assessee by the company, but there has been no credit in the bank
15 July 2010
there are two methods of accounting for Income from other sources
Mercantile and cash system.
If the assessee follows Cash system he need not disclose.
he need to satisfy the AO when he claims the TDS credit in the later period saying that the TDS was not taken in those years.
Mercantile and cash system.
If the assessee follows Cash system he need not disclose.
he need to satisfy the AO when he claims the TDS credit in the later period saying that the TDS was not taken in those years.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- LIABILITY ADJUSTMENT
- Capital Gains on sale of residential flat
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
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
