How to show Flexi fixed deposits related to saving account of assessee in ITR -4 : whether as bank balance ya any other suitable option?
please suggest.
2 Replies
Ankit
(CA, CS)
(3064 Points)
Replied 27 July 2012
Dear Ritika,
you may show the FD balance as investment. since it is a FD which can be withdrawn any time without the premature withdrawal charges. also in the statement given by the bank will be shown as FD and not as savings bank balance.
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