TDs on Bank Deposits

Hello,

In all the banks the First Applicant is chosen for all correspondences.. and all the payments are also appropriated to first account holder. Hence it is correct on the part of Bank to make a TDS certificate on Mr.A above....

When it comes to claiming TDS, the person either Mr.A or Mr.B can claim based on the Interest Income declared by each of them. And there is no issue of certificate beling in Mr.A's name..

You can also refer here for more info:

https://www.thinkplaninvest.com/2009/04/how-to-avoid-tds-on-fixed-deposit/

rgds

Thank You. However I need one more point clarified. If TDS Certificate is issued in A's name but B includes the Interest income on that deposit in his IT Return and claims a refund, how will IT Dept verify and  arrange for refund as the Bank has quoted A as the depositor and his PAN has been quoted?- Kumar

TDS can be claimed  by the person showing the income. You will have to give a clarification to the Income tax dept. where the TDS has been deducted in A's Name instead of B's name since it was a joint deposit. The bank generally deducts TDS in the name of the first applicant. For further years to avoid any litigation with the IT Dept kindly inform the bank to deduct TDS in B's name.