Tds on fd interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 October 2012
Hi,
TDS is not deducted from the FD interest less than Rs 10000. So we need to declare our FD interest income as TDS would not be deducted from the interest
TDS is not deducted from the FD interest less than Rs 10000. So we need to declare our FD interest income as TDS would not be deducted from the interest
21 October 2012
Yes ,you also need to disclose any other interest including that of savings a/c. W E F current F Y Rs 10000 being interest from savings bank a/c is exempt.
21 October 2012
Deduction of Tax at Source is not the basis of declaring income. Even if there is no TDS, if there is any income which is NOT EXEMPT, it should be declared in the return and included in Total Income.
So in your case, you have to file the return showing the interest as your income.
So in your case, you have to file the return showing the interest as your income.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
