Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

BANK ACCOUNTS SB INTEREST COMPULSORY

380 views

Save Share

Join Us Follow Us Add as Source

Kollipara Sundaraiah

B.com

2405 Points Posted on 09 November 2021

Assess it returns single bank show in it returns every year. but assess AIS AND TIS information download recently .

AIS information:

1. 1st bank sb account sb interest rs:22168/-

2. 2nd bank sb account sb interest rs:10635/-

Question:

Assess two sb bank accounts sb interest show in it returns compulsory or single bank account sb interest only.

Replies (4)

Quick Summary

This discussion addresses whether interest earned from multiple savings bank (SB) accounts needs to be declared on a tax return, or if only interest from a single account suffices. The consensus is that the total interest received from all banks should be shown in the relevant section of your tax return.

Rama chary Rachakonda

Master in Accounts & high court Advocate

7021 Points Posted on 09 November 2021

Total interest to be shown in outer column

lapass

22 Points Posted on 09 November 2021

Digital advertising and marketing is low-cost than conventional advertising.WEBSITE DEVELOPMENT company If you are a business that has restrained belongings, spending cash to market it historically isn't always enough. Even the need to print flyers on your enterprise is highly-priced and time-eating.