Clubbing of Income FD Intt

anuj kumar khaitan (Article ) (127 Points)

12 June 2022  
One of my clients is having Bank FD in joint name with his wife as 2nd Holder.


Later,he gifted the FD to his wife and at the time of renewal of FD, his wife's name has been included as First Holder by Bank and hence TDS has been deducted in his wife's name.


26AS of wife confirms FD Intt Income from Bank.


As far I am aware, clubbing provisions  will apply here and the interest income will be included in the Husband's Income. 


But my concern is how to show the interest income in wife's return as TDS has been deducted in her name by Bank and the same needs to be shown in itr to avoid any mismatch.


Request to please guide.