Interest on FDR's Bifurcation is possible in Tax Return

251 views 1 replies
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 is Want to Take/Claim FDR Intt. in own ITR on pro rata basis or any other method.
Replies (1)
Already answered on 06.08.2018

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details