Sir,
I have 60K NSC which gives around 36K interest. The maturity was in Feb,14 (FY 13-14). However, I have not submitted the NSCs yet and I will do that now in April,14 (FY 14-15). So I will actually get the cheque in new FY so when do i have to show it as additiona income and when should I pay the taxes on that?
Please guide me on this.
Thank you,
Manoj
You may show your interest in your ITR for the FY 2013-14. Your other incomes also will have to be considered before calculating tax payable. Yes, the interest received is taxable.
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
