TDS ON INTEREST INCOME OF BANK FD

This query is : Resolved 

23 March 2021 Please clarify whether ACCRUED INTEREST ON Bank FD is chargeable to income tax. As per banks interest certificate interest paid and interest accrual is mentioned separately but for tax purpose both interest paid and interest accrual taken together(FORM26AS).

24 September 2021 Yes, the FD interest paid as well as accrued is to be assessed in the same year. (for tax purpose.)



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