Hello Sir / Madam,
Greetings! My client is a salaried person. His Net monthly salary is Rs. 51,000 (after PF,TDS). He has gave a loan to his two friends total of Rs.8 lakhs. He got the monthly interest of Rs.1,06,000 credited to his bank account (SB a/c). So his annual gross interest is Rs.5,13,000 (only received for 6 months) for this year. Where & How should show this income in ITR? Note: No TDS amount was deducted for the above mentioned income.
Thanks for Advance!!
CAclubindia
