Interest on fdr

This query is : Resolved

Subhash Chandra Sharma (Querist)
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01 April 2018 Sir, I am a senior citizen I want to know in my ITR for FY 2018-19 which interest o show in ITR 1. Only interest received during the AY 2018-19 or the total interest ie. Interest received + interest receivabl both.
Pl
Advise

Subhash chandra sharma

RAJA P M

RAJA P M (Expert)
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01 April 2018 As per accounting standards You ll be show the both of Interest Received and Receivable... Also check out Your TDS details..

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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02 April 2018 SIr, income is taxable on received basis and accrual basis i.e interest received and interest receivable. Hence, show both the interest received and interest receivable in your ITR

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