Hello Respected Experts,
One of the my client face complicated situation.
1.Client is senior citizen.
2.He Got FDR Interest income from bank of Rs.8.60 Lacs & his income fall in 20% Slab Rate.
3.He Made FDR Around of Rs.60 Lacs ( Rs.35 Lacs own fund & rest of amount taken from his wife & son by cheque for that FDR, for getting Higher Rate of Intt. or Sr.Citizen Benefit)
4. 26AS Shown FDR Intt. of Rs.8.60 Lacs in his hand, No TDS Deduted,15G/H Filed.
5.Question is...??
- FDR Interest bifurcation is possible? When 26AS Shown FDR Intt. of Rs.8.60 Lacs in his hand. No TDS Deduted.
- His Wife & Son Take/Claim FDR Intt. in own ITR on pro rata basis or any other method.
Please suggest A.S.A.E.
CAclubindia
