banner_ad

Recurring deposit interest

163 views 1 replies
Hello Sir/Mam I had a RD in 2 banks and both will get matured this year i.e. F.Y.2016-2017 and both were of 3 years tenure.Also the TDS was not deducted on the RD Interest as PAN was not given to the bank at the time of opening of account.Now I am filing the Return for F.Y.2015-16 and therefore I wanted to know that shud I need to show the RD Interest while furnishing the Return.Also,F.Y. 2015-16 is the first year of my income above the taxable limit. Thanks in Advance.
Replies (1)

Yes, Interest on RD account is taxable on accrual basis and should be included in Gross total income for F. Y 2015-16


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details