You will need to disclose only the interest accrued during the current year on the certificate and not the interest received on withdrawal as you have already offered the interest on accrual basis in the earlier years. This interest will be taxed as income from other sources and will be disclosed in Schedule OS (other … Read more
Small investors often look for a number of investing options for wealth creation. For long term investors, there are such options as equity investment, mutual funds and bonds. Conservative investors, meanwhile, tend to opt for fixed-income instruments such as fixed deposits (FDs), debt mutual funds and small savings schemes, also known as post office savings … Read more
Will the Modi 3.0 government increase interest rates on small savings schemes scheduled for revision at the end of this month? Various schemes like Recurring Deposit (RD), Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samriddhi Saving Certificate, Kisan Vikas Patra, National Savings Certificate (NSC), and Senior Citizen Savings Scheme (SCSS) have their interest … Read more