Tds deducted in fd on the name of minor child

1144 views 9 replies
sir my daughter is minor & i open an fd in the name of her.
and i get the maturity amt after deduction of tds
sir is there any why to get her tds amt.
pls share your best information
Replies (9)
Bank deducted TDS @ 10% if interest paid above Rs. 10000 per year.

Minor or Major (No issue)

you can club FDR interest income in your return and claim TDS amount
You can claim it on behalf of her as she is minor and you are her father in your own return
The amt deducted is not showing in my 26as so how i can i claim the tds
pls explain it .
Request to deductor, please file tds return
after that you can claim TDS amount
Does you give a declaration form to bank as per section 37BA (2)
No sir i didn't file declaration form
To claim the credit you have to report that
to your bank
hmmm ok you can now ask your bank if you can now or any alternative for that
it's needed

2nd one collect a statement of TDS of FD from the bank with duly signed by the bank authority or the top management means the manger ,MD or chairman of the bank if above is not happening then it will helps you if notice by chance comes to you and you can show it as a proof that TDS being cut from you
Only solution, request to deductor file TDS return if not filed or revised tds return after that you can take tds credit
Should i can claim f.y2018-19 tds , which was deducte in the name of my minor child by providing declaration form to bank. i don't have any idea about it
pls suggest best way to me...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register