SFT fixed deposit
This query is : Open
24 July 2021
Fixed deposits are in my name and second name is of my wife. Tax paid by me on Interest income. My wife is not liable for tax payment however such deposits are reported under SFT in 26AS of both of us. Any action required to be taken by my wife.
25 July 2021
No need to do anything.
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25 July 2021
Thank you very much
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26 July 2021
Better check from whose fund, FD has been made. If the funds are used of your wife, better disclose interest in her ITR. After checking this, intimate bank to declare interest income only in the pan of the of assessee in the tds return whose funds have been used for making the FD
This will avoid any notice from department in future
This will avoid any notice from department in future
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