Interest from tax saving fd

Dear All,

I have TDS deducted @ 10% from my Tax Saving FD but actually I have not received any interest in my account (5years lock-in). How do I show this interest (which is not received) and TDS deducted in my returns?

Thanks

Kannan

 

 

Dear All, Do i need to show bank interest on my fixed deposits in my my return. If yes, where to show that. Secondly ,bank has deducted TDS on those deposits and has issued Form 16 A to me. Do i need to pay tax again on that interest by clubbing it with my salary income. Pls clarify. Thanks Rohit Kumar

Read more at: /forum/details.asp?mod_id=171013
Replies (1)

The TDS on interest is being made on accrual basis, hence you have not recd the interest since the FD is yet to mature.

you can show the interest receivable as per Form 16A in as income from other sources in your I-T return and claim the TDS made by the bank from the tax payable.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
11 July 2026
CA semi qualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 02 August 2026
Accounts Executive

Aashok F&C Advisory

Guwahati

CA

View Details
Company
23 July 2026
CA Inter

Vikram Jadhav and Company

Pune

CA Inter

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 18 July 2026
CA Articleship

apricus india

Mumbai

CA Inter

View Details
Follow