Interest on FDR's Bifurcation is possible in Tax Return
AMIT BARSLE (STUDENT) (41 Points)
08 August 20181.Client is senior citizen.
2.He Got FDR Interest income from bank of Rs.8.60 Lacs & his income fall in 20% Slab Rate.
3.He Made FDR Around of Rs.60 Lacs (Rs.35 Lacs own fund & rest of amount taken from his wife & son by cheque for that FDR, for getting Higher Rate of Intt. or Sr.Citizen Benefit)
4. 26AS Shown FDR Intt. of Rs.8.60 Lacs in his hand, No TDS Deduted,15G/H Filed.
5.Question is...??
- FDR Interest bifurcation is possible? When 26AS Shown FDR Intt. of Rs.8.60 Lacs in his hand. No TDS Deduted.
- His Wife & Son is Want to Take/Claim FDR Intt. in own ITR on pro rata basis or any other method.