In the new ITR form, where do I enter the interest earned on company deposit/bond/debentures? Do I enter it under the head Interest (Bank/PO/Coop Societies) or under \"Other\"
2 Answers
Best Answer
Hi,
Interest income on Debentures/Bonds/Co FDs is treated as 'income from other sources' and is taxable at the applicable tax slab rate.
You can mention it as 'Others' (assuming you are referring to ITR 2 form).
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