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Help required in itr

CA Shilpa B B (Student) (132 Points)

18 July 2012

Hi frds,

I have opened an FD a/c in the month of Nov 2011.

Do i have to consider the accrued interest on FD in my ITR for the AY 2012-13?

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5 Replies

Ankit (CA, CS) (3064 Points)
Replied 18 July 2012

Dear Shilpa,

yes you have to consider the income in the ITR since it has already accrued to you. you can take an interest certificate from the bank showing the accrued interest

CA Shilpa B B (Student) (132 Points)
Replied 18 July 2012

Ankit ji,

yes it is accrued interest but it is not yet due as on 31st March'12 i won't get it in the form of cash.

Also there is uncertainity right, if i withdraw the deposit before the maturity, interest ll be calculated with lesser interest rate.

So i have doubt whether to consider or not

Ankit (CA, CS) (3064 Points)
Replied 18 July 2012

hav some technical problem. have sent you a private msg.

CA Shilpa B B (Student) (132 Points)
Replied 18 July 2012

I knew in business income we ll consider, but in case of individuals i didnt know.

ok then even for individual return also we have to consider.

thks for the reply

A_B_B (Compliance) (55 Points)
Replied 18 July 2012

Hello - While filing my ITR online, I missed mentioning my intrest incoime from savings account (above 10K). Would it be advisible for me to file the ITR again (before July 31st) ? Would it attaract any special attention of AO, seeing why return has been filled twice for same AY within 10 days ?

Regards