Loss of interest on flexi deposit account
This query is : Resolved
15 July 2019
Dear experts,
My bank has deducted tds on interest accrued in my flexi deposit account as on 31-3-18. Now in the financial year 2018-19, I have received very less amount of this interest accrued. So, how to treat for this loss of interest in itr ?
My bank has deducted tds on interest accrued in my flexi deposit account as on 31-3-18. Now in the financial year 2018-19, I have received very less amount of this interest accrued. So, how to treat for this loss of interest in itr ?
04 June 2020
It is not loss of interest. TDS might have been deducted on your interest payment which can be claimed as IT Refund by filling ITR as applicable and on the basis of other eligibility and conditions as specified under the act.
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