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FD interest and IT Return

16 June 2024

Dear Sir, I have a FD., it will be matured after 4 years, but yearly interest shown in AIS, how I file IT Return in this case. Interest not credited to my account, but showing in AIS, pls..

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8 Replies

sabyasachi mukherjee (27636 Points)
Replied 16 June 2024

Post values

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Sandeep Jain (Pivate) (1459 Points)
Replied 17 June 2024

Interest not credit to your account but you have to show in ITR under income from other sources.

Tapas Samadder (538 Points)
Replied 17 June 2024

I don't received interest, why I show interest in ITR, answer is fully wrong

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 17 June 2024

@ Mr . Tapas Samadder,

Better to get interest certificate from bank and file with interest income.
Banker's booked the interest on accrual basis. So, that's shown in AIS.

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Tapas Samadder (538 Points)
Replied 17 June 2024

Thanks Mr. Raja PM, Well advise, another two persons answer will misguide the taxpayer.

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RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 17 June 2024

Originally posted by : Tapas Samadder
	Thanks Mr. Raja PM, Well advise, another two persons answer will misguide the taxpayer.

Okay, You are welcome....

Note :

The above reply by Mr. Sandeep Jain is also correct.

The said interest value will be shown as income from FD as per AIS (interest certificate). Bcoz, It's your income in the FY's. It will continue every year. After closing of FD all interest amount is credited to Your account.

Finally You can show balance Interest in Your ITR at the time of maturity Year.

(in case any doubt then pls revert back with total (4yrs interest value & TIS interest value)

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