With reference to my previous query, it is to say that against the interest towards FD, Rs 31,994 is shown by the bank as amount Paid/Credited and Rs 3,201 is shown as TDS Deposited.
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Your original query was,
I opened FD two accounts with Indian Bank.
Form 16A received from the bank shows two different components of the interest earned :
1) TDS deposited (this was done on 31 March 2013; I.e. end of F.Y. 2012-13/ A.Y. 2013-14); say "X" amount.
2) Interest credited (though form 16A mentions that the interest is credited in my account, it was only credited in the F.Y. 2013-14/ A.Y. 2014-15); say "Y" amount.
My query is whether while filing ITR for F.Y. 2012-13/ A.Y. 2013-14, I have to show the "Y" amount as my income OR it will be considered in the Income of F.Y. 2012-13/ A.Y. 2013-14.
Yes, you should include the "Interest accrued but not yet received in account"Rs 31994/- while filing IT return for Ay 2013-14 and claim the TDS Rs 3201/-, this interest will not be taxed in year of receipt again.
Also, please add your comments in the same post instead of posting a new query!
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