A person having aggregate annual FD interest less than Rs. 10000.
Does he need to mention this amount in other income column of ITR?
URGENT........................
5 Replies
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 30 July 2013
yes,u should show it under the head income from other sources while filing ITR
K. Ashu
(IT)
(63 Points)
Replied 31 July 2013
even if this aggregate amount is total interest from more than one bank?
(total annual FD interest < Rs. 10000)
Audit Executive
(taxation)
(186 Points)
Replied 31 July 2013
it should de disclosed under income from other source it doesn't matter whether from diff. banks
Tony John
(Chartered Accountant)
(6085 Points)
Replied 31 July 2013
Interest from FD is chargeable to tax under Other sources.
manoj
(student)
(5205 Points)
Replied 31 July 2013
he have to show income from other sources and he will not get deduction u/s 80TTA as it is applicable for saving bank interest and not on fd interest
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