Tax audit Individual : Savings Interest
Raj Sree (20 Points)
04 October 2018Raj Sree (20 Points)
04 October 2018
Vineeth Ajith
(Final Student)
(61 Points)
Replied 04 October 2018
If the SB account is used for personal savings, it is better to credit interest in capital a/c. If the same is used for professional collection or related purposes it can be shown in I&E .
Regards