Menu
how to show FD interest income
sir saving account interest income is shown in section 80TTA likewise FD interest income can be shown in any section or not
Replies (2)
Interest earned on FD are taxable under head other source and you cannot claim the said amount as deduction in whole of the Income Tax Acr
As per New Section 80TTB applicable from F.Y.2018-19, you can make deduction on FD Interest upto ₹50,000. But this is applicable to senior citizens only.
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
