the exempt amount from interest earned by ppf account and savings account,have to be shown in which column of itr 1,for assessment year 2013-14 and 2012-2013?
the exempt amount from interest earned by ppf account and savings account,have to be shown in which column of itr 1,for assessment year 2013-14 and 2012-2013?
1.Please note that interest from savings is available as deduction from A.Y 2013-14 & not for A.Y 2012-13.
2. First include interest from savings in the column for "Income from other sources" & deduct the amount under deductions u/s 80TTA provided in ITR form.
3. Interest from PPF can be shown under column meant for Exempt Income in ITR which is meant for reporting purpose only,
Gupta Sachdeva & Co. Chartered Accountants
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