If in case of Hospital , Interest on FDR income skipped in 2019-20, what is the treatment of interest on FDR for f.y.2019-2020 in f.y.2020-2021 in income tax. kindly guide me. which section I require to refer.
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Quick Summary
This discussion addresses how to handle interest income from a Fixed Deposit Receipt (FDR) that was mistakenly omitted from the profit and loss statement in the 2019-20 financial year. The user is seeking guidance on the correct treatment for income tax purposes in the subsequent financial year, 2020-21, specifically asking where to declare this 'income from other sources' and which tax sections to refer to.