banner_ad

income tax declaration

Others 192 views 5 replies
if I declared in income tax about tax saving deposit is it necessary to declare same for next year
Replies (5)

No.

Exemption available only for first year.

I had invested last year but not declared in income tax .this year I have to declare it how I should declare investment (principal amount invested last year) or interest gained this year

This year you have to declare interest accrued over the FD.

It is necessary to declare all your income while filing income tax. Every time or every year when you are going to file your income, it is necessary to declare all your savings.

The reason is dynamical nature of finance industry. It may be you have disclosed your that particular scheme, or you have started investing in new one. Or it may also possible that Govt or court has declared an update for that particular plans.

So it is always required to declare all your income while filing income tax every year. However the income tax exemption you can claim only one time.  

I had invested in NSC for 5 years on my mother's name and nominee is below my name can I show in IT declaration


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
23 May 2026
Account 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
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details