RESPECTED EXPERTS ,
i have a fd of rs 5 lacs . every years i renew it . i was not aware about to mention the interest income in my itr .
should i mention it in current financial year or not ?
will it create any problem for me ?
since that fd was created by me 7 years ago , it was from my savings . will i have to show any proof in case of any issue raised by it department ?
Advice me please !!!
Check your 26AS. The bank must be deducting TDS from interest paid to you each year. Show the interest from FD under income from other sources and claim TDS deduction in your ITR.
ok Sir , Sir please resolve my one more quarry ,
will i have to worry about my source of income when i had created that fd ?
it was from my savings and income from agriculture land from different different years . but now i dont have any record .
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
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