while filling ITR1 should interest income be shown in income from other source if TDS has been deducted ? case 1: TDS has been deduced on interest income from FD . while filling ITR1 should the interest income be added to the total income and then the total taxation be computed ? case2 : there are 2 FD bank . in one 15 g has been filled and no TDS has been deducted . and in the other FD the TDS has been deducted . so , now while filling ITR1 , should the total income be shown as money from pension+interest income from FD1 +interest income from FD2 and thus total tax be computed on it ?
while filling ITR1 should interest income be shown in income from other source if TDS has been deducted
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1 Answers
Interest should always be included in income from other sources, no matter whether tax has been deducted by bank or not.
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