Dear Friends,
I had an FD with my bank for Rs 100000 and bank has deducted TDS on that and the same is showing in 26AS statement for FY 2011-2012. TDS deducted for FY 2011-12 was Rs 800/- on interest paid by bank of Rs 8000/- (all rounded off figures).
Now I broke the FD prematurely this FY year (2012-2013) and consequently the interest rate that was applied on my account was reduced and some penalty was applied. I basically have two questions on this scenario:
a) Would I be correct to assume that this would have the affect of reducing my accrued interest for last FY 2011-12 on which bank had paid the TDS ? If this assumption is correct then question b follows
b) Could someone guide me as to what should be filled in Schedule tds2 (columns -->> Financial year in which TDS is deducted, Total tax deducted, Amount out of (4) claimed for) and Schedule OS income (column I(b)-->> Interest, Gross) sections of form ITR2 based on above values (amount, TDS, etc). Also, it would helpful to know how to fill in case of both scenarios (accrual based on non-accrual based methods) of accounting here.
Really Appreciate your help..
Rgds
\\RK