How to show SGB interest in iTR

2122 views 3 replies

I have a SB interest of Rs.30000/- for the previous year . i found the statement that includes the SGB interest of Rs.5000/- which i received. I need to know, when I declare in the ITR1 

What should i put for Savings Bank Account Interest? (25000 or 30000) 

 

Replies (3)
Quick Summary
This discussion clarifies how to declare Sovereign Gold Bond (SGB) interest when filing your Income Tax Return (ITR1). It addresses the confusion around reporting Savings Bank (SB) interest, specifically whether to include the SGB interest amount within the SB interest figure or declare it separately. The consensus is that if SGB interest can be declared independently, then the SB interest figure should be reduced accordingly.

If you can add one more raw it would be advisable, otherwise add it to sav bank interest.

Thank you , does it mean if i add 1 more row for SGB and show it as Rs.5000/- then the SB interest should be changed to 25000/- ( as i need to deduct the SGB interest from it)?

Yes, SB interest would be separate in case SGB interest can be declared independently.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details