STF-005 Time Deposit

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1 Points Posted on 14 October 2021

I have some Fd's in my hdfc bank account which have been renewed every year by being credited to sb account and then making a new one. Total value of FD's is more than 10 lakhs. Now my 26AS is showing SFT-005 Time Deposit with value of 3,37,278/- with Remarks 'O'.  So what needs to be done. 

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On 14 October 2021 at 19:09 Report
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This discussion addresses a query about 'SFT-005 Time Deposit' appearing on a 26AS statement, linked to Fixed Deposits (FDs) exceeding 10 lakhs. The concern is about a specific value of 3,37,278/- with remark 'O'. The advice provided is that as long as the interest income from these FDs is declared under 'income from other sources' during assessment, there is no immediate cause for worry.

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SEO Sai Gr. Hosp.
212503 Points Posted on 14 October 2021

Till you are declaring the interest income for assessment; no need to worry.

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On 14 October 2021 at 19:33
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85 Points Posted on 15 October 2021
Interest income should be under the head "income from other sources"
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On 15 October 2021 at 19:34

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