POSTED BY March 16, 2013 11:19 am COMMENTS (6)ON
i m a govt. salaried person. Till now was not aware that income from FDs are taxable.
Q 1. in ITR-1 there is a column ‘ income from other sources (Ensure to fill Sch TDS2)’
but suppose i have some interest from an FD that is below Rs 10K then the bank would not provide me form 16A. so is there need to fill TDS2?
Q 2. i made 2 FDs of Rs 33000 and 40000 (in same branch) respectively last sept. and oct. that will be matured in 2014. The sum intrst of both will be 10000+. Will any TDS be deducted by bank or will i get benefit of break up of financial years?
One more: is it mandatory to cut TDS from salary even if one is sure that s/he can invest upto 100000 under 80c? (this is a general ques. not related to bank fds)
Sure my friends will provide solution.