I have made a bank fixed deposit in Feb'15 with my bank for 5 years @ 10% PA. The interest was on Accural basis and the TDS on interest income was deducted by the bank every quater, till june'17.But due to some reason I have to fore close the FD in July'17. The has deducted certain amount from the accured interest saying the rate of interest is revised for lesser period and alos there are fore closer penalty. I have filled my income tax returns indicating the income from interest as per form 16 issued by the bank. which is obviously higher than what i have acctually recieved.
Now my querry is- How can I claim this loss of income due to forecloser in my income tax returns for AY 2017-18
CAclubindia
