How to correct past mistakes

This discussion addresses a common tax oversight where savings were deposited into a mother's account, with interest earned not declared. The advice suggests filing belated returns for past financial years and a usual return for the current year, declaring the interest under 'income from other sources'. Importantly, it clarifies that no penalty is likely payable by the individual, as TDS might have been deducted, and the mother falls within a 0% tax bracket. A deduction under Section 80TTB up to £50,000 is also mentioned.