Accured interest on fd

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108 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

Or 

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

 

Thanks

Dilip khambete

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On 31 January 2023 at 15:23 Report
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.

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Pivate
706 Points Posted on 31 January 2023
Consider both Values it will reflect auto
1 Reply
On 31 January 2023 at 16:54
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Chartered Accountant
44442 Points Posted on 01 February 2023
You have to add both values.
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On 01 February 2023 at 20:21
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108 Points Posted on 01 February 2023

Ok  ,many thanks

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On 01 February 2023 at 21:56
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Chartered Accountant
44442 Points Posted on 01 February 2023
Welcome 🤗🤗
1 Reply
On 01 February 2023 at 22:07

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