Bank fd

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2014 respected experts ,

I have a bank fd of Rs 1 lac but i have not mentioned there my PANCARD detail . I am going to file my ITR and in etrace tds websie of IT tds is not deducted from my Bank fd . What should i do now ...

Should i withdraw that fd and use that income to show as my coaching income ( since i run a coaching classes )

or

Should i file itr along with interest earned from that fd ?

I want to tell you that that fd was created by my grand father while was below 20 and now he is no more ans he didnot prepare a gift deed to support that Bank fd , therefore i am in very big confusion to tackle that problem . Please show me some way ...

Amol S Joglekar

Amol S Joglekar (Expert)
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21 November 2014 What is the problem? No need to take tension. Has anybody accused you that this money is NOT a gift? It is a gift and let it be a gift only. Show only the income which is your income, dont swap anything which is not yours.

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2014 How any one believe that this is gift . Somebody told me gift is said as gift is it is given on paper with signature .

Only i know and my family members knows that it was given by grand father .

Amol S Joglekar

Amol S Joglekar (Expert)
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22 November 2014 ALmost 95 cases out of 100 are common and genuine. Why do you think that your case will fall in that 5% exceptional category. Think positively and go ahead. Because you think that you are not having a proof of gift and hence you are thinking of showing it to be coaching income, has got no meaning as such.
You can make the affidavit and submit to ITO if asked for. Your family members can support your affidavit, is it not?
Your views please.

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2014 yes sir , my family members will support . they knows that my late grandfather had deposited and made an fd in favor of me...

Amol S Joglekar

Amol S Joglekar (Expert)
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28 November 2014 There are ways for those who can think positively. All the best dear.

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