There is interest income from late payment of bills which has been included in Total turnover as per GST. The payer has deducted TDS on such interest. Now how to present such income in Income Tax. If i show it as IFOS then turnover will not match with GST turnover or if i didn't show as IFOS then how to claim TDS ?
How to show interest in Income tax
Himanshu Ranka (himanshuranka15@gmail.com) (798 Points)
24 November 2019