Anil Rego |377 Answers |Ask -Follow
Financial Planner - Answered on Nov 29, 2022
The other is cumulative type which shall get matured in the FY 2023-24. Since no tax has been deducted on interest and nothing was crediting to my bank account during the last 6 years, so no interest income for these bonds was shown by me in my return.
Is it correct from IT point of view?
Next year when the principal and interest shall be credited to my account, the TDS be deducted at source, interest income shall be shown by me in my ITR. Hope my point of view is correct from ITR point of view.
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