24-11-2004 =Opened Post Office 5 year RD a/c = 4000 pm for 5 years
24-11-2009= Maturity of Post Office 5 year RD a/c
Interest Recd on Maturity of Post Office 5 year RD a/c = 51,560
Since accured interest was not shown / given by Post Office every year,
the same was not accounted every year. Rs.51,560 is to be accounted in FY-2009-10 / AY - 2010-11.
Tax Query:
What options are available?
Interest = 51560 can be as claimed deduction u/s 80C or any other section.
Regards and Thanks in advance.
Sanjay Agarwal
CAclubindia
