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.
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