Tds on spouse interest income

Thanks for sharing the information and opinion of CPC.

Strangely, the  law makers are yet to recognise the need to change the TDS credit rules where clubbing provisions under section 64 have been used by the tax payer.

Regards,

As per Sec 199 read with Rule 37BA, your spouse should have given a declaration under Rule 37BA(1) to the deductor that interest income will be included in your income. Along with declaration, your name, address , PAN should also be provided to the deductee as per Rule 37BA (2).

There is no mistake on the part of Income Tax Department.

Yoy should approach to your deductor for making a revised return of TDS.

Thank You.

Your response did a lot of good to me.

I have now found that we should have requested  the tds deductor to give credit to my pan account.

Having missed that the department is well equipped to give the credit based on information in the return.

Now i will file return for my wife claiming reund of TDS in her account.

Thank You. I agree there is no mistake on the part of department.

Having missed that, I wish the department give the credit themselves atleast when a request for rectification is made.

They have the authority, they are competent and they have all the information and records.

I hope it will be ok to file a return for my wife and claim refund of TDS in her account.