Tax on deposit interest?

[putsch]

Hoping to get my 2010 tax returns in asap.

Just wondering what evidence I need regarding income from deposits. As I have the proceeds of sale of my house in various institutions I have accumulated various amounts of interest. Some are applied per month and some were fixed interest bonds which matured earlier this year.

What is the relevant date? The date the deposit matured (i.e. this year) or last year.

Also I haven't received any deposit interest statements from the banks? Should I ? Do I have to ask? Will they charge me?

 

[rocksider]

You should ask each bank to forward you a certificate of deposit interest earned for the year. Don't leave any institution out as the revenue are now doing audits on the basis of returns of interest submitted to them from each institution. The relevant date is the date the deposit matured if it straddles the year end.