Interest income taxation benefits

No in my opinion you won't get the benefits of 80TTB as it only allowed when the Interest is received upon bank Deposits with

1. Banks
2. Co operative society
3. Post office

&

under section 80TTB it is clearly mentioned

Where the income is derived from any deposit held by, or on behalf of, a firm, an association of persons or a body of individuals, no deduction shall be allowed under this section in respect of such income in computing the total income of any partner of the firm or any member of the association or any individual of the body.

Should he deduct TDS while paying interest to me?

Should he deduct TDS while paying interest to me?

Yes

Section 194A of the Income Tax Act requires TDS on interest payments to resident individuals, excluding interest on securities. If interest paid or credited exceeds Rs. 40,000 (Rs. 5,000 for certain cases) in a financial year

Agree with Mr khush trivedi.

Thank you sir for the feedback 👍🏻