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Classification of debenture interest

This query is : Resolved 

18 July 2012 Hello!
Firstly many thanks to all the experts on this forum - it is very useful for the general public!

In ITR-2, which heading should we put the interest income from Non Convertible Debenture (such as those from Shriram Transport and L&T Finance)?

Is it to be clubbed with Bank Interest and mentioned under 1B ('Interest') of Schedule OS, or should we classify it separately under 1D ('Others excluding race horse income') of Schedule OS.

Thank you!

18 July 2012 Interest will include all nature. Whether bank or non bank. so show under Interest only in 1b row

19 July 2012 agree with CMA Ramesh

1 Income
b Interest, Gross 1b




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