Tax on fd interest

Dear sir, 

As you told that now you are under taxable payment liability. So yes, you have add up the interest accrued in income from other sources and have to pay the taxes on the same. 

Please verify your form 26as also before filling your income tax return for the year.

i Hope answer is clear 

Regards 

Thanks for the reply.

But what I need to ask is that do I have to declare the intrest accrued in the FY 2012-13 or pay taxes for that as well? or, I need to pay tax only on interest accrued in FY 2013-14? I hope my question is clear.

Thanks

if you have not filled you ITR for 12-13 and if your taxable income is above Rs. 2 lakhs in that year then , yes you have to  pay taxes on the intt accrued for that f.y adding interest income as income from other sources. 

Also in 13-14 interest accrued will be added to your income from other sources. 

Regards

Sir, I had no taxable income in FY 2012-13 even after adding up the interest accrued in 12-13 and I didn't file any return as such.

So, does that mean that I don't need to declare interest accrued in 12-13 and pay any tax for FY 12-13?

Regards

Sir, if your taxable income is below 2 lakh then no need to file ITR for that year. So no problem

Regards 

Sir, I am very sorry to ask the same think again.

Its clear to me that I don't need to file return for FY 2012-13. But what am I asking is that do I have to pay income tax on accrued FD interest of 2012-13 in 13-14 or declare it, since I didn't declare that amount in my income for 12-13?