Dear sir,
I have done 3 FD's with hdfc bank on the month of 10/11/18 for one year. The interest payout i have opted at the time of maturity that will be on 09/11/19. Now, should i have to add d income from interest in my return for FY 2018-19 upto march (by calculating d part f interest for individual quarter). Or the whole interest will be consider income in next financial year 2019-20.
Actually, i have to plan my savings accordingly to reduce my final return tax for this Fy 2018-19.
2) what d bank do under this case. shall they deduct tax with form 16a @ time of matuarity or consider upto this march 19 as a separate.
thanking to all for there valuable time under this dicussion in advance.
-Djoshi
CAclubindia
