Plz tell me whether the interest received on saving account is taxable or not? If yes under which head if ITR 4 is to be filed. Income from business is 287040/-, interest on saving account is 1258/-
3 Replies
Gourav Kapoor
(CA Final Student)
(2977 Points)
Replied 27 September 2011
yes it is taxable u/h other sources...!
anand
(BUSINESS)
(136 Points)
Replied 27 September 2011
yes it is definetely taxable. i.e . it has to be added to total income
Daljeet
(abc)
(35 Points)
Replied 27 September 2011
Thanks. Kindly tell me how to treat the amount withdrawn from ICICI pru pension policy and other ULIP plans. is this also taxable?
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