There is a confusion from which assessment year, we have to declare the income on the undisclosed investment. for example : I have an undisclosed fixed deposit of more than 25 years and the interest which i received in my bank account was withdrawn and expensed and no tax was paid on the same and not even shown in the ITR. As i received the interest in bank account seperately so my FD value remains the same.
My question is from which Assessment Year, I have to show the interest income on FD along with FD amount. All the Assessment Year before AY 2009-10 is time barred.
CAclubindia
