NCD and Land rent income split to categories
This query is : Resolved
15 August 2024
I have some NCDs with monthly interest receipts approx Rs 10000/- and some land where monthly I receive rent Rs 20000/-, Do i have to split the monthly receipts in category - upto 15/6 , from 16/6 to 15/9 , from 16/9 to 15/12 etc in schedule OS while ITR filing in ITR2, where I can show?
15 August 2024
If your tax liability is below 10K, no need to split the income/s in each quarter.
15 August 2024
Sure. But where can I split the amounts in ITR - Schedule OS - Information about accrual/receipt of income from Other Sources - section only asks about dividend income , lottery income, retirement benefit, not other types of income?
15 August 2024
Yes, for interest income you are not required to split them.
15 August 2024
Thank you very much for the advice
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15 August 2024
26 August 2024
You are welcome.
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