https://www.taxtmi.com/news?id=15958 Interest credited or received on deposits is taxable and must be disclosed in the taxpayer's return unless exempt under Section 10. Form 26AS shows payments with tax deducted while payers also report payments without deduction. Taxpayers who filed non-deduction declarations must nevertheless include taxable interest where total income exceeds the exemption and should file or revise returns for the relevant assessment years by the filing deadline to avoid penalties. en-us Fri, 25 Mar 2016 09:53:43 +0530 Fri, 25 Mar 2016 09:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15958 Interest credited or received on deposits is taxable and must be disclosed in the taxpayer's return unless exempt under Section 10. Form 26AS shows payments with tax deducted while payers also report payments without deduction. Taxpayers who filed non-deduction declarations must nevertheless include taxable interest where total income exceeds the exemption and should file or revise returns for the relevant assessment years by the filing deadline to avoid penalties. News - Fri, 25 Mar 2016 09:53:43 +0530 https://www.taxtmi.com/news?id=15958