Interest on fixed deposits


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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2018 My mother was having certain fixed deposits jointly with me. She passed away in
June 2014 but FDR S have been encased by me in June 2017 as I required funds.
Please advise about taxability of interest. In case I have to include interest from June2014 to June 2017 in my income for payment of tax please advise how I can
claim benefit of TDS deducted in my mothers name.

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Expert : Anonymous

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Expert : Anonymous (Expert)
12 July 2018 Interest will be taxable in the hands of the Mother. You can file her Return by registering yourself as a legal heir. Further you would be able to file return for AY 2018-19 only.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2018 I feel you have not understood my query. Please note income in my mothers hand will be non taxable


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