While submitting IT Returns, I went through Form 26AS and noticed "SFT-005 Time deposit" with 20L and 'O' under "Remarks", as shown below:
This is my Savings account and I do not have any source of income. All the money accumulated in this account is from monthly transfers made by my son for my mandatory and leisure expenses. Most of the money is either FD or TD.
I am already adding "102,392.00" as Interest Income while submitting IT returns.
Do I need to do something while submitting my IT returns?
Does my son need to do something while submitting his IT returns?
CAclubindia
