Upendra Kumar Kaisar (Finance & Accounts Larsen & Toubro Ltd.) (22 Points)
15 June 2017I have some FD interest of 6K and saving account interest of 5K. should i mention saving account interest as exempt income or to be clubbed with FD interest and attract TDS on slab rate.
Please let me know with rules.
Regards,
Upendra
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166384 Points)
Replied 15 June 2017
You have to declared total interest including SB acc interest, under IFOS; but can claim the sb interest under section 80TTA. (Deduction under chapter VI A)
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 15 June 2017
Income From Other Source:- 6+5 = 11K
Deduction u/s 80TTA:- 5K
Poltu Ghosh
(Job)
(1865 Points)
Replied 15 June 2017
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
