Hi Experts,
I have opened PPF and Sukanya Samridhi Account in my daughter name from which every year I get Interest Income on 31st March 2023.Since I am the Guardian of my daughter in both these accounts, I need to know on the following : -
1. Whether I need to show these Interest Income under Exempt Income in my Income Tax Return.
2. Under which Section do I show both of them as Exempt Income in my Income Tax Return.
I also have one Post Office Savings Account on which Interest Income is exempt under Sec 10(15). When I try to find Section 10(15) in Income Tax Website during filing on my ITR, I am unable to find this Section in the ITR.I need to know how do I show this Interest Income as Exempt Income quoting relevant Income Tax Section for the same.
With Regards,
Manik
CAclubindia
