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Saiyeda Mohiyul Ain

Category : Taxabili.., ITR 1.., Status o..,
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  • Taxability of Interest Income
  • ITR 1
  • Status of Booking in 26as
  • Taxation of Post office interest
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    Solved
    July 23, 2020 1:54 pm
    Hello Amlan sir,
    Post office interest income(accrued) is not shown in 26AS at all. So Is it not needed to mention in ITR as it will be a mismatch in that case.
    Suppose in 26AS it says from all bank FDs a person earns 15000/- ...we need to mention the exact amount in ITR as well isn't it?...neither m...
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    Amlan Dutta
    You need to add post office FD interest and put in ITR ...mismatch on higher side is never questioned by the authority but if tomorrow case picked for scrutiny they will question on why post office income was not declared in ITR ...Post office FD interest is not reflected because it appears post o...
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    • August 27, 2020
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    MOHAMMEDYASIN

    Category : Taxation..,
    Solved
    August 8, 2018 6:15 pm
    Is post office RD of 5 years is taxable? If yes, where is to display in income, also, it is exempted or not. Is interest of RD is exempted under 80TTA, i.e my saving interest is 8500 and RD interest is 15000, how to calculate in return.
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    Amlan Dutta
    Yes, Recurring deposits( doesn't matter whether in Post office or banks) it is taxable under income from other sources ...No exemption of 80 TTA is available on RD ...that is available to only saving interest...you will show under other sources 23500 and claim under 80 TTA 8500rs
    • August 8, 2018
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