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R M SHAH (CA)     27 July 2012

Flexi fixed deposits

How to show Flexi fixed deposits related to saving account of assessee in ITR -4 : whether as bank balance ya any other suitable option?

please suggest.



 2 Replies

Ankit

Ankit (CA, CS)     27 July 2012

Dear Ritika,

you may show the FD balance as investment. since it is a FD which can be withdrawn any time without the premature withdrawal charges. also in the statement given by the bank will be shown as FD and not as savings bank balance.

 

 

R M SHAH

R M SHAH (CA)     28 July 2012

thanks Ankit.


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