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.
Ankit
(CA, CS)
(3064 Points)
Replied 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 since it is a FD which can be withdrawn any time without the premature withdrawal charges.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.
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