Anonymous
04 November 2010 at 14:43
I would like to know how I should show the incoming coming from the FD interest from the Bank.
Currently I am showing as income from other sources. If this amount is working out to be 1,00,000, and the loss from house property is reduced to this tune.
Is it right way to show. However effectively the income tax computation is coming correct as far as the tax payable is concerned. But what is the best way of showing this income? Should I take proper care while filing my returns on this issue.
thanks and regards
TAX ON FIXED DEPOSIT INTEREST
I would like to know how I should show the incoming coming from the FD interest from the Bank.
Currently I am showing as income from other sources. If this amount is working out to be 1,00,000, and the loss from house property is reduced to this tune.
Is it right way to show. However effectively the income tax computation is coming correct as far as the tax payable is concerned. But what is the best way of showing this income? Should I take proper care while filing my returns on this issue.
thanks and regards