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Clarification over income head...
Dear Sir,
In my salary SBI account there is auto sweep facility. Here is some of the amount is auto transfered in this account (sweep account) and interest is credited. My question is that interest on sweep account is taxable or not? How and where to show saving account interest and sw...
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Amlan Dutta
This is treated as saving interest ( taxable)income iand to be shown in income from other sources ( infact remember that any taxable interest income is always to be offered as income under head ' income from other sources only '.....
  • May 17, 2018
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