Sgb interest income in itr

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23 Points Posted on 17 August 2018

Hello

I am working in private concern and receive my Income as Salary. I have invested in Sovereign Gold Bonds and have received the Interest from the same.  I am not sure where I need to make a mention about this Interest Income in ITR-1. Please could some one advise on this.

Thanks

Vignesh

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On 17 August 2018 at 18:19 Report
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196 Points Posted on 17 August 2018
Interest on SGB bond will be taxable according to the section 43 of the Act,1961
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On 17 August 2018 at 19:53
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5751 Points Posted on 17 August 2018
under the head income from other sources
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On 17 August 2018 at 23:52
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Student CA Final
233 Points Posted on 18 August 2018
capital gains on such bonds is exempt from tax
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On 18 August 2018 at 10:34
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23 Points Posted on 18 August 2018

In the income from other sources s field it was mentioned as Ensure to fill “Sch TDS2” , please advise what needs to be updated under Sch TDS2 as it asks for TAN , Name of the Deductor

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On 18 August 2018 at 16:11
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Student CA Final
233 Points Posted on 18 August 2018
tds will not be deducted on such interest income so it need not be filled
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On 18 August 2018 at 16:25

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