Tag Archives: income from other sources

Make sure you have included these incomes in your Income-tax return

myITreturn

When we file our Income-tax return, we tend to specifically include our main Sources of Income like Income from salary, Income from business or profession, etc. But many a times, we skip to include some Incomes which come under the head “Income from other sources”. Some of these incomes which… Read more »

Taxability of Interest income on Fixed Deposit

myITreturn

Taxpayers invest their excess fund/savings in bank as term deposit, popularly known as Fixed Deposits. In return, banks pay them an interest. This interest is taxable as ‘Income from other sources’ and hence taxpayer needs to consider the interest received from fixed or recurring deposits while filing his Income-tax return…. Read more »