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Accured interest on fd

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Dilip Khambete

132 Points Posted on 31 January 2023

In the interest certificate received from bank there are two columns nnamely interest received and accured interest.(for fd especially)

My question is

while filling "income from other sources," part of itr4, Is it necessary to add both values and then enter the total figure

Only the interest received value is entered? (interest accured value is not considered)

Thanks

Dilip khambete

Replies (4)

Quick Summary

This discussion clarifies how to report accrued interest on Fixed Deposits (FDs) when filing your ITR4. The consensus is that you should add both the 'interest received' and 'accrued interest' figures shown on your bank's interest certificate. This combined total should then be entered under 'income from other sources' in your tax return.