Interest on FDR's Bifurcation is possible in Tax Return

One of the my client face complicated situation.

1.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.
Replies (1)
Already answered on 06.08.2018

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details