Please Help: Income tax
Posted Date : 12-Jul-2013 , 04:23:17 pm | Posted By SUBHASH KUMAR JHA
Can I Show interest on Fixed deposit in my taxable income when my fd will get matured
Category : Income Tax | Answers : 2 | Comments : 1 | Hits : 58
Answers
Answer By: Ravi Sanguri
No, you have show it yearly while filing your IT Return.
Answer By: SUBHASH KUMAR JHA
No you will have to show interest on fixed deposit in the year in which it is provided to you.so collect interest certificate from bank and pay tax upon it.
Comments
Neeraj Bansal
15-Jul-2013 , 11:39:46 amNo Please .... you have calculate the yearly interest and consider the same in each ITR...Suppose your FD is for 3 years. So for each year you have to calculate the interest amount and show as interest income in the income tax return. Thanks & Regards Neeraj Bansal