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Recurring deposit interest

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Hello Sir/Mam I had a RD in 2 banks and both will get matured this year i.e. F.Y.2016-2017 and both were of 3 years tenure.Also the TDS was not deducted on the RD Interest as PAN was not given to the bank at the time of opening of account.Now I am filing the Return for F.Y.2015-16 and therefore I wanted to know that shud I need to show the RD Interest while furnishing the Return.Also,F.Y. 2015-16 is the first year of my income above the taxable limit. Thanks in Advance.
Replies (1)

Yes, Interest on RD account is taxable on accrual basis and should be included in Gross total income for F. Y 2015-16


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