banner_ad

income tax declaration

Others 228 views 6 replies
I had invested time deposit in post office last year can I submit that document this year. I had invested for 5 year what amount should I mention in IT declaration
Replies (6)
AS PER METHOD OF ACCOUNTING FOLLOWED BY YOU...CASH OR ACCRUAL....
if I had invested 1,00,000 last year than what amount should l declare in IT submission
INTEREST AMOUNT ACCRUED ON SUCH INVESTMENT THIS YEAR....UNDER THE HEAD INCOME FROM OTHER SOURCES..
you mean I should show only interest gain this year and documents should be submitted of 1,00,000
IN YOUR IT RETURN YOU HAVE TO SHOW ONLY YOUR INCOME THAT IS INTEREST EARNED NOT YOUR PRINCIPLE INVESTING AMOUNT..
Ms. priyanka, I think you are querying about quantum of deduction eligible for deduction under 80c. if it's your query then according to me, total time deposit amount divided by number of years is eligible for deduction under 80c. in your case, 20000 will be eligible for deduction under 80c


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details