TDS ON INTEREST INCOME OF BANK FD
This query is : Resolved
23 March 2021
Please clarify whether ACCRUED INTEREST ON Bank FD is chargeable to income tax. As per banks interest certificate interest paid and interest accrual is mentioned separately but for tax purpose both interest paid and interest accrual taken together(FORM26AS).
24 September 2021
Yes, the FD interest paid as well as accrued is to be assessed in the same year. (for tax purpose.)
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