banner_ad

BANK INTEREST

Tax queries 250 views 4 replies

IF I FORGOT TO TAKE RS. 40 BANK INTEREST AMOUNT OF F.Y.2015-16 WHAT SHOULD I DO?

CAN I ADD THAT AMOUNT IN 2016-17 RETURN 

Replies (4)
It's not compulsory to take because it's exemption up-to Rs. 10,000/- under section 80 TTA
As per personal opinion, you can revise your return . or section 80TTA available in which you get 10000 rs of interest deduction available .

You not to have worry about that.

it is my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: it is not Professional Advice.
Thank You very much for reply both of you

Dear Sandip Ji

Interest on Saving A/c upto Rs 10000 is exempt from tax. Hence no need to worry about your unintentional mistake to not disclosing Rs 40 in your ITR. 

I think you should not revise your return as Rs 40 is not a material amount.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details