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Clarification from CBDT regarding Interest received on Term Deposits

Income Tax - Started By: - Srivatsan Krishnamachari - Dated:- 25-3-2016 Last Replied Date:- 31-3-2016 - Dear Learned Friends, It is reported in News Papers yesterday that as per the clarification from CBDT, the Tax Payer should revise by March 31st t .....

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ived interest on term deposits with banks wherein the Tax was deducted at source and duly remitted to the Department and how about the cases where the returns for AY:2014-15 & 15-16 have already been processed and refunds have already been receiv .....

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, I have not seen the newspaper. However I will try to answer the query. Disclosure of income is very much essential. Govt is been launching schemes in direct tax encouraging the assesses to disclose their income. Hence even if the income is exempt i .....

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