In the interest certificate given by bank showing interest on fixed deposits, saving, RD etc. there are 2 columns; one 'Interest paid' and other 'Interest accrual'.
While filing IT Return, for computing interest from other sources, do we need to add the amount shown in both the columns or only interest paid? kindly advise.
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income from other sources
Replies (2)
yes .......actually tds will be deducted on int paid.....it is better to take int accrued.....
both interest paid and interest accrued should be taken and deduction under 80tta shall be claimed for interest on savings account
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