Dear Sir ,
While filing my ITR for FY 19-20, I saw that HDFC bank has reported SFT 05 time deposit. I read about SFT on google and blogs, and understood to some extent but not sure if I understand it well enough. I do have FDs in HDFC bank of more than 15 lakhs from 2016, But new FDs of that were not opened in during FY 19-20.It was opened in 2016 and kept for auto renewal, Also the entry from the bank under 26as says amount 16laks under two rows with SFT05 time deposit , and -16 lakhs with SFT 05 time deposit in one row , remarks says O,R and C for these rows each, I am paying all TDS + additional tax on the FD interest income properly since starting of FD ,
I have closed auto renewal of two FDs (9 lacs and 7 lacs ) and deposited as a single FD for 16 lacs after these FDs maturities during this financial year.i think it caused the entry at 26AS.
I need youradvise , how to deal this in filing , Do I need to submit any kind of form other than itr filing ?
or I can just leave it as these are FD rewals and not A new income for FY 19-20 ?
pls advise
CAclubindia
