I have some Fd's in my hdfc bank account which have been renewed every year by being credited to sb account and then making a new one. Total value of FD's is more than 10 lakhs. Now my 26AS is showing SFT-005 Time Deposit with value of 3,37,278/- with Remarks 'O'. So what needs to be done.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178226 Points)
Replied 14 October 2021
Till you are declaring the interest income for assessment; no need to worry.
PUTHETY SRINIVASULU
(85 Points)
Replied 15 October 2021
Interest income should be under the head "income from other sources"
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