Please Help: Income tax
Posted Date : 12-Jul-2013 , 04:23:17 pm | Posted By: SUBHASH KUMAR JHA
Category :
Income Tax | Answers :
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Comments :
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Can I Show interest on Fixed deposit in my taxable income when my fd will get matured |
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Answers:
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 Answer by: Ravi Sanguri |
| No, you have show it yearly while filing your IT Return.
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| Answer by: SUBHASH KUMAR JHA |
| No you will have to show interest on fixed deposit in the year in which it is provided to you.so collect interest certificate from bank and pay tax upon it.
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| Comments |
| Posted By : Neeraj Bansal |
15-Jul-2013, 11:39:46 |
| No Please .... you have calculate the yearly interest and consider the same in each ITR...Suppose your FD is for 3 years. So for each year you have to calculate the interest amount and show as interest income in the income tax return.
Thanks & Regards
Neeraj Bansal |
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