Where to fill bank interest and dividend income in itr 3?

2617 views 5 replies

Hello,

Can anyone please guide me if I need to show the income from bank interest and dividend in profit and loss section in ITR 3 or just need to show in OS schedule. Actually, the dividend income is exmpted so is it ok to show it in EI schedule and the bank interest in OS schedule(in Gross Interest field)? If I show them in the Profit and Loss section too where these fields also exists, then it seems excel utility is adding bank interest twice to calculate the total income, please guide.

Thanks everyone!

 

 

Replies (5)
Dividend income would be in Schedule EI and Bank interest would be in Schedule OS.
Ymif you show the interest income in PL account then you need to reduce it in schedule BP from the profit as per PL account as Income considered under other heads of income. Then show this interest income in schedule OS.

We also needs to show STCG on sale of Equity shares in Schedule CG, what details should be filled?

Like:- Full value of consideration

Cost of acquisition without indexation

Expenditure wholly and exclusively in connection with transfer

Cost of improvement without indexation

Same like interest income. Credit the profit figure in PL account , reduce it in schedule BP as Income considered under other heads of income titled Capital Gains and then show it in schedule CG in usual manner

Thank you very much everyone for taking the time and helping me with this smiley


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details