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SFT-005 Transaction For Mature FD on Joint Account and Does it required to mention in ITR

Tax queries 1143 views 1 replies

This is the continuous question related to SFT-005 Transaction in AIS and Only in Primary Saving account holder name - Income Tax | Tax queries (caclubindia.com).

As mentions, Me and My mother have joint account in bank and I am first account holder. Last year few FDs with the Firstname as my mother get matured and that amount transferred to saving account. From this amount again new FDs created in the name of my mother. 

Now this display in my AIS as SFT-005. ( Matured amount and new FD created and probably due to I am first account holder.)

Does this amount needs to mention any where in ITR ? ( In past when FDs are created it is from salary amount and for that salary tax already paid and for matured FD and newly created FDs whatever interest we receive, we are paying tax for that.)

 

 

Replies (1)

No need to declare it in ITR, except interest income.


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