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Tds on fd


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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2017 I have a Mod account in bank. Bank has deducted tds on interest on MOD account which is reflected in my 26AS statement. Now my query is whether I need to disclose only that interest amount and tds in ITR which is reflected in 26AS
OR
I need to disclose whole amount of interest of full year
Because tds deducted on some part of interest but actually interest amount is more than what reflected in 26AS

08 July 2017 You need to disclose whole amount of interest of full year. Bank may correct TDS later.


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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2017 Thanks sir
It's a Mod account where autosweep facility is available. Tds is deducted if interest amount exceed Rs 10000 so in first few month tds not deducted on interest on term deposit. In 26AS interest amt is 3220 n tds amount is 1600(approx) but in account statement interest amount is more than 3220. What I need to disclose in ITR as per 26As


08 July 2017 you disclose the amount of interest received by you for the whole year, irrespective of TDS

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 July 2017 For this can I claim deduction u/s80TTA



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