Tds charged by bank

Interest on FD is taxable on accrual basis. You should have added it in your income in earlier years.

if the person is filling the return for the first time...ie no income is shown in earlier years , than ??? . or u can say not filled the return because his total income was less than the limit prescribed under the income tax act 1961.

Waiting for ur reply ...

@ binit... here fd intt will be taxable in the year of receipt only because the assessee didnt file return for earlier years and declare intt income on accrual basis.... so even if the assessee's income was below taxable limit in past years, it cant be construed that such income included fd intt on accrual basis...

thanks........ @ tribhuvan but my doubt is not clear !

okk let me explain.. you said income was below taxable limit every year but since no return was filed, how will i.t.deptt know that you also included fd intt on accrual basis will other incomes earned... so when you claim tds now on such fd intt., you will have to declare whole fd intt as income of current year because you dont have any documents supporting that fd intt was included in your income of prev. yrs on accrual basis..... i hope you understand what i have been trying to explain and your query is clear now.