Respected all members
I have filed my f.y.2018-19 return but not taken fd amount 300000
now f.y.2019-20 how to accounting for this previous year fd account.
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Regarding Fdr
Replies (5)
You have to disclose interest on Fixed deposit as income from others sources in income tax return, Not invested amount of Fixed deposit.
First check your 26 AS if any TDS has been deducted on the interest credited by the bank . TDS if any has been deducted will be shown u/s 194A in the 26 AS statement.
Consider Interest from FDR as other sources income.and claim TDS if any.
Revise the Return as date has been extended and last date to file for AY 19-20 to 30/09/2020.
Consider Interest from FDR as other sources income.and claim TDS if any.
Revise the Return as date has been extended and last date to file for AY 19-20 to 30/09/2020.
Sir interest already taken but fd principle amount not taken
Only FD Interest is subject to taxation not principal.
Thank u sir
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