If i have income in fd which is only rs 2218. What will be treatment when i file income tax
Bcz bank has not deducted tds in this amount and if i added that income in salary income then our tax amount will increase with rs 460 rs plz suggest
That intrest income will add or not
Though bank has not deducted TDS (as amount below 10K), but you have earned income, and hence as per rules, you are required to disclose the income from head 'IFOS" and pay liable tax....
CAclubindia
